Indiana § 5-13-13-8 - Reopening or reorganization of closed depository
Full text of Indiana Indiana Code § 5-13-13-8 — Reopening or reorganization of closed depository, with citation guidance and answers to common questions.
§ 5-13-13-8. Reopening or reorganization of closed depository
Sec. 8. (a) If in any closed depository there are public funds of the state or of any political subdivision, the treasurer of state may, with the consent of the state board of finance, if the public funds belong to the state, and the public officer who has charge of the public funds of any political subdivision, may, with the consent of the local board of finance of the political subdivision to which the public funds belong, join with other depositors of the closed depository in a plan for reopening or the reorganization of the closed depository.
(b) The treasurer of state may bind the state, or any proper local officer may bind the political subdivision, as the case may be, after being authorized, as provided in this chapter, in accordance with the terms of the plan for reopening or reorganization.
As added by P.L.19-1987, SEC.15. Amended by P.L.18-1996, SEC.27.
IC 5-13-14Chapter 14. Miscellaneous Provisions
5-13-14-1Loan for proper conduct of business of state or political subdivision; limitation; pledge of deposits in closed depository 5-13-14-2No liability for public servant for loss of funds in closed depository 5-13-14-3Criminal liability of public servant for failure to deposit; liability on bond 5-13-14-4Repealed
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 5-13-13-8
What does Indiana Code § 5-13-13-8 cover?
Section 5-13-13-8 ("Reopening or reorganization of closed depository") 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 § 5-13-13-8?
A common citation format is "Indiana Code § 5-13-13-8" (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 § 5-13-13-8 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.