"Deposit Account"

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Sec. 5. (a) "Deposit account":

(1) means the total monetary interest of a depositor in a savings association; and

(2) consists of the withdrawal value of such interest.

(b) For the purposes of IC 28, a "share account" in a share account association organized and existing before January 1, 1997, has the same meaning as a deposit account.

As added by P.L.193-1997, SEC.2.


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