§ 21-9-2-1 Applicability of definitions
§ 21-9-2-2 “Account” or “individual account”
§ 21-9-2-3 “Account beneficiary”
§ 21-9-2-4 “Account owner”
§ 21-9-2-6 “Administrative account”
§ 21-9-2-8 “Authority”
§ 21-9-2-9 “Board”
§ 21-9-2-9.5 “Contribution”
§ 21-9-2-10 “Contributor”
§ 21-9-2-11 “Education savings program”
§ 21-9-2-12 “Endowment fund”
§ 21-9-2-14 “Financial institution”
§ 21-9-2-15 “General operating fund”
§ 21-9-2-16.5 “Internal Revenue Code”
§ 21-9-2-17.5 “Member of the family”
§ 21-9-2-18 “Program account”
§ 21-9-2-19.5 “Qualified higher education expenses”
§ 21-9-2-19.7 “Rollover distribution”
§ 21-9-2-22.1 “Trust account”
§ 21-9-2-23 “Trust fund”
§ 21-9-2-24 “Trust program”

Terms Used In Indiana Code > Title 21 > Article 9 > Chapter 2 - Definitions

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Lineal descendant: Direct descendant of the same ancestors.
  • minor: means a person less than eighteen (18) years of age. See Indiana Code 1-1-4-5
  • 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
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. 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