Indiana Code 36-2-10-19. “Financial institution” defined; duties and responsibilities as tax collecting agents
(1) A bank, trust company, or mutual savings bank incorporated under Indiana law.
Terms Used In Indiana Code 36-2-10-19
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- 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
(3) A savings association operating under Indiana law.
(4) A federally chartered savings association with its principal office or a branch in Indiana.
(5) A federally chartered savings bank with its principal office or a branch in Indiana.
(6) A credit union chartered under Indiana law or United States law having its principal office in Indiana.
(b) The treasurer may designate one (1) or more financial institutions in the county as the treasurer’s agent for collecting payments of taxes that are not delinquent.
(c) A designated financial institution may issue an official receipt of the treasurer for taxes the financial institution collects.
(d) A designated financial institution shall make a daily settlement with the treasurer for all taxes the financial institution collects.
(e) A designated financial institution is responsible for all taxes the financial institution collects.
(f) This section does not affect IC 5-13.
[Pre-Local Government Recodification Citations: 17-3-33.5-1; 17-3-33.5-2; 17-3-33.5-3; 17-3-33.5-4; 17-3-33.5-5.]
As added by Acts 1980, P.L.212, SEC.1. Amended by P.L.19-1987, SEC.48; P.L.140-1992, SEC.1; P.L.79-1998, SEC.106.