"Multiple party account" defined
Sec. 5. (a) As used in this chapter, "multiple party account" means
any of the following types of accounts:
(1) A joint account.
(2) A P.O.D. account.
(3) A trust account.
(b) The term does not include accounts established for deposit of
funds of a partnership, joint venture, or other association for business
purposes, or accounts controlled by one (1) or more persons as the
duly authorized agent or trustee for a corporation, unincorporated
association, charitable or civic organization, or a regular fiduciary or
trust account where the relationship is established other than by
deposit agreement.
As added by P.L.2-2002, SEC.2.
Last modified: May 24, 2006