Indiana Code 4-8.1-2-13. Embezzlement or breach of trust
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Terms Used In Indiana Code 4-8.1-2-13
- Arrest: Taking physical custody of a person by lawful authority.
- Embezzlement: In most states, embezzlement is defined as theft/larceny of assets (money or property) by a person in a position of trust or responsibility over those assets. Embezzlement typically occurs in the employment and corporate settings. Source: OCC
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Sec. 13. Any embezzlement or breach of trust on the part of the treasurer of state shall be immediately reported to the governor by the person discovering the embezzlement or breach of trust. The governor and the state comptroller shall make a careful examination to see if the embezzlement or breach of trust has occurred, and if it has, cause the treasurer of state to be arrested. After the arrest of the treasurer of state the governor shall appoint a deputy treasurer of state, who shall qualify and give bond as required for the treasurer of state and who shall be given exclusive control of the state treasury. The deputy treasurer has the powers and duties of and is subject to the liabilities of the treasurer of state until the treasurer of state is acquitted or the treasurer of state’s successor is elected and qualified.
As added by Acts 1979, P.L.22, SEC.1. Amended by P.L.215-2016, SEC.63; P.L.9-2024, SEC.59.