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;

Terms Used In Indiana Code 28-9-2-6

  • 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
(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.

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