Sec. 4. (a) As used in this chapter, "qualified account", for purposes of a prize linked savings program, means:
(1) a savings account;
(2) a time deposit; or
(3) a savings program;
that is offered by an eligible depository financial institution to an eligible individual.
(b) The term includes:
(1) an account described in subsection (a) that is a share account; and
(2) an account described in subsection (a) in which an eligible individual has an interest:
(A) individually; or
(B) jointly with another eligible individual.
As added by P.L.135-2014, SEC.3.
Structure Indiana Code
Title 28. Financial Institutions
Article 1. Department of Financial Institutions
Chapter 23.2. Prize Linked Savings Programs
28-1-23.2-2. "Eligible Depository Financial Institution"
28-1-23.2-3. "Eligible Individual"
28-1-23.2-4. "Qualified Account"
28-1-23.2-5. "Qualified Financial Program"
28-1-23.2-6. "Prize Linked Savings Program"
28-1-23.2-7. Required Conditions to Offer and Conduct a Prize Linked Savings Program
28-1-23.2-8. Statement Describing the Terms and Conditions of Prize Linked Savings Programs