Sec. 2. It is unlawful to enter into any agreement or contract for a purpose described in section 1 of this chapter unless the agreement or contract requires that all payments be made by the settlor to an account in a:

(1) bank;

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Terms Used In Indiana Code 30-2-10-2

  • Contract: A legal written agreement that becomes binding when signed.
(2) trust company;

(3) savings association; or

(4) credit union;

with an office in Indiana.

As added by Acts 1982, P.L.179, SEC.2. Amended by P.L.79-1998, SEC.93; P.L.216-2013, SEC.67.