Definitions
Ind. Code § 23-17-25.7-1
in effectSec. 1. The following definitions apply throughout this chapter:
(1) "Charitable organization" means any entity that is:
(A) recognized as tax exempt under Section 501(c)(3) of the Internal Revenue Code; and
(B) organized under IC 23-17-3.
(2) "Deceased" means a person who has:
(A) died; and
(B) designated a charitable organization as the beneficiary of an individual retirement account, retirement account, brokerage transfer on death account, annuity, or life insurance policy.
(3) "Financial institution" means any:
(A) bank;
(B) trust company;
(C) corporate fiduciary;
(D) savings association;
(E) credit union;
(F) savings bank;
(G) bank of discount and deposit;
(H) industrial loan and investment company; or
(I) 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.
As added by P.L.220-2025, SEC.2.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/23Fetched: 10/17/2026