33-39-7-10. Fund construed as trust; purpose

IN Code § 33-39-7-10 (2019) (N/A)
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Sec. 10. The fund shall be construed to be a trust, separate and distinct from all other entities, maintained to:

(1) secure payment of benefits to the participants and their beneficiaries; and

(2) pay the costs of administering this chapter.

[Pre-2004 Recodification Citation: 33-14-9-9.]

As added by P.L.98-2004, SEC.18.