Sec. 10. An entity may not maintain an action against a depository financial institution solely for:

(1) offering, opening, or maintaining an interest bearing attorney trust account;

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Terms Used In Indiana Code 33-44-6-10

  • Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
(2) accepting funds for deposit in an interest bearing attorney trust account; or

(3) remitting interest to the board.

[Pre-2004 Recodification Citation: 33-20-6-10.]

As added by P.L.98-2004, SEC.23.