Section 28-1-1-6 - "Depository financial institution"For purposes of IC 28-1-23-16, "depository financial institution" means a financial institution that is:
(1) a commercial bank, organized or reorganized under the law of another state (as defined in IC 28-2-17-19) or United States law;(2) a trust company, organized or reorganized under the law of another state (as defined in IC 28-2-17-19) or United States law;(3) a credit union, organized or reorganized under the law of another state (as defined in IC 28-2-17-19) or United States law;(4) a savings bank, organized or reorganized under the law of another state (as defined in IC 28-2-17-19) or United States law;(5) a savings association, organized or reorganized under Indiana law, the law of another state (as defined in IC 28-2-17-19), or United States law;(6) a bank of discount and deposit, organized or reorganized under the law of another state (as defined in IC 28-2-17-19) or United States law;(7) an industrial loan and 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; or(8) a financial institution similar to those listed in subdivisions (1) through (7), organized or reorganized under Indiana law, the law of another state (as defined in IC 28-2-17-19), or United States law.As added by P.L. 81-2001, SEC.1.