Indiana § 5-13-11-5 - Interest or accretion
Full text of Indiana Indiana Code § 5-13-11-5 — Interest or accretion, with citation guidance and answers to common questions.
§ 5-13-11-5. Interest or accretion
Sec. 5. The depository shall credit any interest or other accretion from an investment to the investment account of the political subdivision. The interest or accretion becomes a part of the principal in that account.
As added by P.L.19-1987, SEC.13.
IC 5-13-12Chapter 12. Board for Depositories
5-13-12-1Creation; purpose; public deposit insurance fund; tax exemption 5-13-12-2Membership; term; officers; quorum; conduct of meetings; notice; proceedings; executive sessions; records 5-13-12-2.5Repealed 5-13-12-3Function, powers, and purpose 5-13-12-3.1Repealed 5-13-12-4Secretary-investment manager; powers and duties 5-13-12-5Assessment rate; determination and fixing; assessment base; waiver or elimination of assessment rate 5-13-12-6Depositories; duty to file monthly report and pay assessment to insurance fund; failure to pay; forms 5-13-12-7Insurance fund; management and operation; transfer restrictions; establishment of reserve; determination of profit distribution; investment; limitations; immunity of members 5-13-12-8Economic development obligation or credit enhancement obligation guarantees; limitation; conditions; claims, losses, or debts 5-13-12-8.5Repealed 5-13-12-8.6Validity of certain loan guaranties 5-13-12-9Investment in instruments of indebtedness of credit corporation issued certificate of election by secretary of state 5-13-12-10Subordination of valid security agreement, mortgage, combinations thereof, or other appropriate document securing direct obligations 5-13-12-11Loans to commuter transportation district 5-13-12-12Board reports; presentment to budget committee 5-13-12-13Expired
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 5-13-11-5
What does Indiana Code § 5-13-11-5 cover?
Section 5-13-11-5 ("Interest or accretion") 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 § 5-13-11-5?
A common citation format is "Indiana Code § 5-13-11-5" (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 § 5-13-11-5 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.