Indiana § 5-13-4-4 "Closed depository"

Indiana Statutes

§ 5-13-4-4 — "Closed depository"

Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 13 INVESTMENT OF PUBLIC FUNDS·Ch. 4 Definitions

"Closed depository" includes:

(1)a financial institution the business and property of which the department of financial institutions has taken possession of under IC 28-1-3.1 for the purpose of liquidation;

(2)a financial institution the business and property of which the department of financial institutions has authorized the institution to liquidate under IC 28-1-9 and IC 28-7-1-27.1; and

(3)any national banking association, federal savings association, or federally chartered savings bank for the business and property of which a receiver has been appointed.

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"Closed depository" includes:
(1) a financial institution the business and property of which the
department of financial institutions has taken possession of under
IC 28-1-3.1 for the purpose of liquidation;
(2) a financial institution the business and property of which the
department of financial institutions has authorized the institution
to liquidate under IC 28-1-9 and IC 28-7-1-27.1; and
(3) any national banking association, federal savings association,
or federally chartered savings bank for the business and property
of which a receiver has been appointed.

Indiana § 5-13-4-4 ("Closed depository") — published by Counsel Stack Legal Research, free access to 12M+ legal documents.