Indiana § 5-13-11-3 - Service charge for management of system; payment by direct charge or from interest earned

Full text of Indiana Indiana Code § 5-13-11-3 — Service charge for management of system; payment by direct charge or from interest earned, with citation guidance and answers to common questions.

§ 5-13-11-3. Service charge for management of system; payment by direct charge or from interest earned

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.

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

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Frequently Asked Questions About Indiana § 5-13-11-3

What does Indiana Code § 5-13-11-3 cover?

Section 5-13-11-3 ("Service charge for management of system; payment by direct charge or from interest earned") 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 § 5-13-11-3?

A common citation format is "Indiana Code § 5-13-11-3" (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 § 5-13-11-3 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.