Ind. Code § 27-1-20-10
This is the official text of Ind. Code § 27-1-20-10, part of Indiana’s Code — part of the compiled statutory law of Indiana, published by the state as "Code." Browse the sections below, each linked to its official government source.
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Disposition of interest earned by securities on deposit
Official statutory text
Sec. 10. The department shall permit companies having on deposit with it stocks or bonds as security, to collect the interest accruing on such deposits, delivering to their authorized agents, respectively, the coupons or other evidences of interest as the same become due; but upon default by any company to deposit additional security as called for by the department or pending any proceedings for rehabilitation, liquidation or conservation of such company, the department shall collect the interest as it becomes due and add the same to the securities in its possession, or under its control, belonging to such company.
Formerly: Acts 1935, c.162, s.257.
Formerly: Acts 1935, c.162, s.257.
Status: in_force · Read it on the official government site
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