Indiana § 23-14-70-5 - Liability of auditor or county

Full text of Indiana Indiana Code § 23-14-70-5 — Liability of auditor or county, with citation guidance and answers to common questions.

§ 23-14-70-5. Liability of auditor or county

Sec. 5. (a) The auditor is liable on the auditor's bond for any neglect or failure of duty with respect to funds received under section 1 of this chapter in the same manner as with respect to the school fund.

(b) The county is also liable for the preservation of the principal and the payment of the interest on the funds received under section 1 of this chapter to the same extent that it is liable with respect to the principal and interest of the school fund.

As added by P.L.52-1997, SEC.44.

Source: official Indiana text · Last verified 2026-08-27

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Frequently Asked Questions About Indiana § 23-14-70-5

What does Indiana Code § 23-14-70-5 cover?

Section 23-14-70-5 ("Liability of auditor or county") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Indiana § 23-14-70-5?

A common citation format is "Indiana Code § 23-14-70-5" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Indiana law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.

How does Indiana § 23-14-70-5 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.