Indiana Code > Title 28 > Article 6.2 > Chapter 1 – Definitions
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Indiana Code > Title 28 > Article 6.2 > Chapter 1 - Definitions
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- director: refers to the director of the department of financial institutions. See Indiana Code 28-6.2-1-9
- FDIC: refers to the federal deposit insurance corporation. See Indiana Code 28-6.2-1-10
- Fiduciary: A trustee, executor, or administrator.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- mutual holding company: means a mutual savings bank holding company that:
Indiana Code 28-6.2-1-12
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- savings association: means a savings association (as defined in Indiana Code 28-6.2-1-19
- Statute: A law passed by a legislature.
- Trustee: A person or institution holding and administering property in trust.
- 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