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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 1. 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.
Cite this article: FindLaw.com - Indiana Code Title 23. Business and Other Associations § 23-17-25.7-1 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-23-business-and-other-associations/in-code-sect-23-17-25-7-1/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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