Indiana Code 33-44-3-4. “Depository financial institution”
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Sec. 4. “Depository financial institution” means a bank, a bank or trust company, a credit union, an industrial loan and investment company, a savings bank, or a savings association, whether chartered, incorporated, licensed, or organized under Indiana law or the law of the United States that:
(2) is insured by the Federal Deposit Insurance Corporation, the National Credit Union Administration, or an alternate share insurer.
(1) does business in Indiana; and
Terms Used In Indiana Code 33-44-3-4
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- National Credit Union Administration: The federal regulatory agency that charters and supervises federal credit unions. (NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of federal credit unions.) Source: OCC
- United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
[Pre-2004 Recodification Citation: 33-20-3-4.]
As added by P.L.98-2004, SEC.23. Amended by P.L.89-2011, SEC.77.