(b) The account into which the fund is deposited must be an interest paying account. The trustee shall annually take the interest from the fund and deposit the interest into a separate bank account known as the seminary lands school account maintained by the trustee for purposes of this chapter.(c) The trustee shall also deposit in the account:(1) forty percent (40%); or(2) two thousand five hundred dollars ($2,500);whichever is greater, each year of the annual rental received from seminary lands.[Pre-2006 Recodification Citation: 21-2-1-2 part.]As added by P.L.2-2006, SEC.165.
Indiana Legal Code