Indiana Code 33-44-6-9. Release and discharge of depository financial institution
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Terms Used In Indiana Code 33-44-6-9
- 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
Sec. 9. The remittance of interest by a depository financial institution to the board from an interest bearing attorney trust account is a valid and sufficient release and discharge of a claim by an entity against the depository financial institution for the remittance.
[Pre-2004 Recodification Citation: 33-20-6-9.]
As added by P.L.98-2004, SEC.23.