Ind. Code § 5-13-11-3
Service charge for management of system; payment by direct charge or from interest earned
As added by P.L.19-1987, SEC.13. Amended by P.L.66-1989, SEC.2; P.L.147-2011, SEC.3; P.L.202-2011, SEC.3.
The contract may provide for the depository to assess a service charge for its management of the investment cash management system. The service charge may be paid:
- (1) by direct charge to the deposit or other account; or
- (2) in a manner that subtracts the service charge from interest earned on the funds in the deposit or other account.
As added by P.L.19-1987, SEC.13. Amended by P.L.66-1989, SEC.2; P.L.147-2011, SEC.3; P.L.202-2011, SEC.3.