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IC 28-9-2
Chapter 2. Definitions
IC 28-9-2-1
Application of definitions
Sec. 1. The definitions in this chapter apply throughout this
article.
As added by P.L.258-1989, SEC.2.
IC 28-9-2-2
"Adverse claim"
Sec. 2. "Adverse claim" includes the following:
(1) A claim to a deposit account that is adverse to the rights or
interest of any depositor of the deposit account.
(2) A claim to a deposit account that is made in the name of a
person other than a person who is named as a depositor of the
deposit account.
(3) A claim of authority by a corporate officer or agent to
manage, draw on, or control a deposit account, if that claim of
authority:
(A) is contrary to the authority indicated in the records of the
depository financial institution; or
(B) conflicts with a claim of authority asserted by another
person.
(4) The claim of a money judgment creditor against a person
who is or may be a depositor.
As added by P.L.258-1989, SEC.2.
IC 28-9-2-3
"Adverse claimant"
Sec. 3. "Adverse claimant" means a person asserting an adverse
claim.
As added by P.L.258-1989, SEC.2.
IC 28-9-2-4
"Depositor"
Sec. 4. "Depositor" means a person who, according to records
maintained by the depository financial institution, has an interest in
a deposit account, either individually or jointly with another person.
As added by P.L.258-1989, SEC.2.
IC 28-9-2-5
"Deposit account"
Sec. 5. "Deposit account" means an account made by a depositor,
either individually or jointly with another person, with a depository
financial institution. The term includes the following accounts:
(1) Share.
(2) Share draft.
(3) Share certificate.
(4) Draft.
(5) Certificate of deposit.
(6) Savings.
(7) Passbook.
(8) Checking.
(9) Money market.
(10) Transaction.
(11) Time deposit.
(12) Savings deposit.
(13) Accounts similar to those listed in subdivisions (1) through
(12).
As added by P.L.258-1989, SEC.2.
IC 28-9-2-6
"Depository financial institution"
Sec. 6. "Depository financial institution" means a financial
institution that is organized or reorganized under Indiana law, the law
of another state, or United States law. The term includes:
(1) a commercial bank;
(2) a trust company;
(3) a credit union;
(4) a savings bank;
(5) a savings association;
(6) a bank of discount and deposit;
(7) an industrial loan and investment company; or
(8) a similar financial institution to those listed in subdivisions
(1) through (7);
if that financial institution has the financial institution's principal
place of business or a branch in Indiana.
As added by P.L.258-1989, SEC.2. Amended by P.L.42-1993,
SEC.87; P.L.79-1998, SEC.82.
IC 28-9-2-7
"Person"
Sec. 7. "Person" has the meaning set forth in IC 3-5-2-36.
As added by P.L.258-1989, SEC.2.
IC 28-9-2-8
"Working day"
Sec. 8. "Working day" means that part of any day on which a
depository financial institution is open to the public for carrying on
substantially all of its functions.
As added by P.L.258-1989, SEC.2.
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