Indiana Code 24-8-1-1. Applicability of article
(1) by a person in Indiana; or
Terms Used In Indiana Code 24-8-1-1
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
- 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
(b) This article does not apply to a prize linked savings program that:
(1) is offered or conducted by an eligible financial institution under IC 28-1-23.2;
(2) is:
(A) offered or conducted by a credit union organized or reorganized under United States law; and
(B) conducted in the same manner as a prize linked savings program under IC 28-1-23.2; or
(3) is:
(A) offered or conducted by an insured depository institution (as defined in 12 U.S.C. § 1813) that is:
(i) a national bank formed under 12 U.S.C. § 21;
(ii) a state member bank (as defined in 12 U.S.C. § 1813);
(iii) a state nonmember bank (as defined in 12 U.S.C. § 1813); or
(iv) a savings association (as defined in 12 U.S.C. § 1813); and
(B) conducted in the same manner as a prize linked savings program under IC 28-1-23.2.
As added by P.L.233-1989, SEC.1. Amended by P.L.135-2014, SEC.2; P.L.186-2015, SEC.28.