Sec. 7. Except as provided in IC 5-13-9-5.3, “deposit accounts” means any of the following:

(1) Any account subject to withdrawal by negotiable orders of withdrawal, unlimited as to amount or number, and without penalty, including NOW accounts.

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(2) Passbook savings accounts.

(3) Certificates of deposit.

(4) Money market deposit accounts.

(5) Any interest bearing account that is authorized to be set up and offered by a financial institution in the course of its respective business.

As added by P.L.19-1987, SEC.6. Amended by P.L.44-1990, SEC.1; P.L.31-2012, SEC.1.