Indiana Code 32-17-11-1. “Account” defined

Sec. 1. (a) As used in this chapter, “account” means a contract of deposit of funds between a depositor and a financial institution.

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account: means a contract of deposit of funds between a depositor and a financial institution. See Indiana Code 32-17-11-1
Contract: A legal written agreement that becomes binding when signed.
financial institution: means any organization authorized to do business in Indiana under IC 28 or federal law relating to financial institutions. See Indiana Code 32-17-11-3

(b) The term includes a checking account, savings account, certificate of deposit, share account, and other like arrangement.

[Pre-2002 Recodification Citation: 32-4-1.5-1(1).]

As added by P.L.2-2002, SEC.2.