Sec. 20. Any transfers resulting from the application of section 18 of this chapter are:

(1) effective by reason of:

Terms Used In Indiana Code 32-17-11-20

  • account: means a contract of deposit of funds between a depositor and a financial institution. See Indiana Code 32-17-11-1
(A) the account contracts involved; and

(B) this chapter; and

(2) not to be considered as:

(A) testamentary; or

(B) subject to IC 29.

[Pre-2002 Recodification Citation: 32-4-1.5-6.]

As added by P.L.2-2002, SEC.2.