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Terms Used In Indiana Code 15-12-2-4

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • director: means the director of the Indiana state department of agriculture. See Indiana Code 15-12-2-1
  • United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
   Sec. 4. Notwithstanding any other law, funds and the proceeds of the trust assets that are not authorized to be administered by the United States Secretary of Agriculture under section 3 of this chapter shall be received by the director under an application made under section 2 of this chapter. The director shall deposit the funds with the treasurer of state. The funds shall be held in a special fund for expenditure on proper voucher and warrant by the director for purposes of section 3 of this chapter.

[Pre-2008 Recodification Citation: 15-7-2-3.]

As added by P.L.2-2008, SEC.3.