Indiana § 33-44-5-7 - Determination of qualified funds; considerations
Full text of Indiana Indiana Code § 33-44-5-7 — Determination of qualified funds; considerations, with citation guidance and answers to common questions.
§ 33-44-5-7. Determination of qualified funds; considerations
Sec. 7. In making the determination under section 6 of this chapter, the attorney shall consider the following:
(1) The amount of interest the money would earn during the period the money is expected to be deposited.
(2) The cost of establishing and administering the account.
(3) The capability of the depository financial institution to calculate and pay the interest earned by each client's funds, after deduction of any service charges, to the client.
[Pre-2004 Recodification Citation: 33-20-5-7.]
As added by P.L.98-2004, SEC.23.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 33-44-5-7
What does Indiana Code § 33-44-5-7 cover?
Section 33-44-5-7 ("Determination of qualified funds; considerations") 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 § 33-44-5-7?
A common citation format is "Indiana Code § 33-44-5-7" (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 § 33-44-5-7 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.