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

Indiana Statutes

§ 5-13-4-4 — "Closed depository"

Indiana § 5-13-4-4

Title 5STATE AND LOCAL ADMINISTRATION

Art. 13INVESTMENT OF PUBLIC FUNDS

Ch. 4Definitions

This text of Indiana § 5-13-4-4 ("Closed depository") 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 § 5-13-4-4 (2026).

Text

"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.