Indiana § 23-17-25.7-1 Definitions

Indiana Statutes

§ 23-17-25.7-1 — Definitions

Indiana § 23-17-25.7-1

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 17NONPROFIT CORPORATIONS

Ch. 25.7Charitable Organization Beneficiary Bequest

This text of Indiana § 23-17-25.7-1 (Definitions) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 23-17-25.7-1 (2026).

Text

The following definitions apply throughout this chapter:

(1)"Charitable organization" means any entity that is:

(A)recognized as tax exempt under Section 501(c)(3) of the Internal Revenue Code; and

(B)organized under IC 23-17-3.

(2)"Deceased" means a person who has:

(A)died; and

(B)designated a charitable organization as the beneficiary of an individual retirement account, retirement account, brokerage transfer on death account, annuity, or life insurance policy.

(3)"Financial institution" means any:

(A)bank;

(B)trust company;

(C)corporate fiduciary;

(D)savings association;

(E)credit union;

(F)savings bank;

(G)bank of discount and deposit;

(H)industrial loan and investment company; or

(I)investment company; organized or reorganized under Indiana law, the law of another stat

Free access — add to your briefcase to read the full text and ask questions with AI

The following definitions apply throughout
this chapter:
(1) "Charitable organization" means any entity that is:
(A) recognized as tax exempt under Section 501(c)(3) of the
Internal Revenue Code; and
(B) organized under IC 23-17-3.
(2) "Deceased" means a person who has:
(A) died; and
(B) designated a charitable organization as the beneficiary of an
individual retirement account, retirement account, brokerage
transfer on death account, annuity, or life insurance policy.
(3) "Financial institution" means any:
(A) bank;
(B) trust company;
(C) corporate fiduciary;
(D) savings association;
(E) credit union;
(F) savings bank;
(G) bank of discount and deposit;
(H) industrial loan and investment company; or
(I) investment company;
organized or reorganized under Indiana law, the law of another
state (as defined in IC 28-2-17-19), or United States law.