Terms Used In Indiana Code 13-11-2-63.7

  • ELTF claim: as used in this chapter and IC 13-23, means any claim for payment from the ELTF. See Indiana Code 13-11-2-63.6
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
   Sec. 63.7. “ELTF indemnity claim”, as used in IC 13-23, means any ELTF claim for the indemnification of a third party.

As added by P.L.96-2016, SEC.6.