Ind. Code § 28-1-23.2-4

Current through P.L. 171-2024

Section 28-1-23.2-4 - "Qualified account"

(a) As used in this chapter, "qualified account", for purposes of a prize linked savings program, means:

(1) a savings account;

(2) a time deposit; or

(3) a savings program;

that is offered by an eligible depository financial institution to an eligible individual.

(b) The term includes:

(1) an account described in subsection (a) that is a share account; and

(2) an account described in subsection (a) in which an eligible individual has an interest:

(A) individually; or

(B) jointly with another eligible individual.

IC 28-1-23.2-4

Added by P.L. 135-2014, SEC. 3, eff. 3/25/2014.