As used in this chapter, 'static balance' means an amount held by a payroll savings plan administrator for a participant who:(1) is not making allotments of payroll deductions to the payroll savings plan administrator; but(2) has not terminated the individual's directions to the participant's employer or the employer's payroll savings plan administrator to purchase United States savings bonds for the individual when a sufficient balance accumulates to pay the purchase price.As added by P.L.141-2005, SEC.27.
Indiana Legal Code