Indiana Code 6-3.6-9-12. Trust account; monthly distributions
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Terms Used In Indiana Code 6-3.6-9-12
- Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
Sec. 12. One-twelfth (1/12) of each adopting county’s certified distribution for a calendar year shall be distributed from its trust account established under this chapter to the appropriate county treasurer on the first regular business day of each month of that calendar year.
As added by P.L.243-2015, SEC.10.