Indiana Code 5-11-10.5-2. Outstanding unpaid warrants or checks void
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Terms Used In Indiana Code 5-11-10.5-2
- Political subdivision: means county, township, city, town, school corporation, library district, fire protection district, public transportation corporation, local hospital authority or corporation, local airport authority district, special service district, special taxing district, or other separate local governmental entity that may sue and be sued. See Indiana Code 5-11-10.5-1
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
Sec. 2. All warrants or checks drawn upon public funds of a political subdivision that are outstanding and unpaid for a period of two (2) or more years as of the last day of December of each year are void. No individual, bank, trust company, building and loan association, or any other financial institution may honor, cash, or accept for payment or deposit any such warrant or check which may be presented for payment and which has been issued and outstanding for a period of two (2) or more years as of the last day of December of any year.
[Pre-Local Government Recodification Citation: 19-11-3-2.]
As added by Acts 1980, P.L.8, SEC.47. Amended by P.L.64-1999, SEC.1.