IC 23-17-25.7-1 — Definitions
Chapter 25.7. Charitable Organization Beneficiary Bequest Protections
Section text
Sec. 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: official publisher (2026 edition)