Indiana § 32-17-11-6 - "Net contribution" defined
Full text of Indiana Indiana Code § 32-17-11-6 — "Net contribution" defined, with citation guidance and answers to common questions.
§ 32-17-11-6. "Net contribution" defined
Sec. 6. As used in this chapter, "net contribution" of a party to a joint account as of any given time means the sum of:
(1) all deposits made by or for the party; minus
(2) all withdrawals made by or for the party that have not been paid to or applied to the use of any other party; plus
(3) a pro rata share of any interest or dividends included in the current balance.
The term includes any proceeds of deposit life insurance added to the account by reason of the death of the party whose net contribution is in question.
[Pre-2002 Recodification Citation: 32-4-1.5-1(6).]
As added by P.L.2-2002, SEC.2.
Frequently Asked Questions About Indiana § 32-17-11-6
What does Indiana Code § 32-17-11-6 cover?
Section 32-17-11-6 (""Net contribution" defined") 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 § 32-17-11-6?
A common citation format is "Indiana Code § 32-17-11-6" (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 § 32-17-11-6 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.