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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.
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.