Indiana § 5-13-4-7 "Deposit accounts"

Indiana Statutes

§ 5-13-4-7 — "Deposit accounts"

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

Except as provided in IC 5-13-9-5.3, "deposit accounts" means any of the following:

(1)Any account subject to withdrawal by negotiable orders of withdrawal, unlimited as to amount or number, and without penalty, including NOW accounts.

(2)Passbook savings accounts.

(3)Certificates of deposit.

(4)Money market deposit accounts.

(5)Any interest bearing account that is authorized to be set up and offered by a financial institution in the course of its respective business.

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Except as provided in IC 5-13-9-5.3, "deposit
accounts" means any of the following:
(1) Any account subject to withdrawal by negotiable orders of
withdrawal, unlimited as to amount or number, and without
penalty, including NOW accounts.
(2) Passbook savings accounts.
(3) Certificates of deposit.
(4) Money market deposit accounts.
(5) Any interest bearing account that is authorized to be set up
and offered by a financial institution in the course of its respective
business.

Indiana § 5-13-4-7 ("Deposit accounts") — published by Counsel Stack Legal Research, free access to 12M+ legal documents.