Scope of subchapter

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  1. (a) This subchapter applies to accounts in this state.

  2. (b) This subchapter does not apply to:

    1. (1) An account established for a partnership, joint venture, or other organization for a business purpose;

    2. (2) An account controlled by one (1) or more persons as an agent or trustee for a corporation, unincorporated association, or charitable or civic organization; or

    3. (3) A fiduciary or trust account in which the relationship is established other than by the terms of the account.


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