Indiana Code 23-15-12-1. Exceptions
(1) an entity that is regulated by:
Terms Used In Indiana Code 23-15-12-1
- 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.
- Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
- 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
(B) the Federal Deposit Insurance Corporation;
(C) the Board of Governors of the United States Federal Reserve System;
(D) the Indiana department of financial institutions; or
(E) the National Credit Union Administration;
(2) an entity that is owned or controlled by a state chartered credit union or a federally chartered credit union;
(3) a corporation formed under IC 8-1-13;
(4) a cooperative corporation formed under IC 8-1-17;
(5) an association organized under IC 15-12-1;
(6) a mutual insurance company formed under IC 27 or the laws of another state;
(7) any state or federally organized financial institution that is mutually owned; or
(8) a nonprofit corporation organized as a mutual benefit corporation formed under IC 23-17.
As added by P.L.97-2017, SEC.3.