Lending securities

Ind. Code § 5-13-10.5-13, under Chapter 10.5. State Investments.

Ind. Code § 5-13-10.5-13

Sec. 13. The treasurer of state may lend any securities acquired under section 7 or 11 of this chapter. However, securities may be lent under this section only if the agreement under which the securities are lent is collateralized by: (1) cash; or (2) non-cash collateral if the state is indemnified by the custodian holding the non-cash collateral; in excess of the total market value of the loaned securities. As added by P.L.18-1996, SEC.23. Amended by P.L.102-2014, SEC.4.