IC 5-13-4-4: "Closed depository"

Sec. 4. "Closed depository" includes:

(1) a financial institution the business and property of which the department of financial institutions has taken possession of under IC 28-1-3.1 for the purpose of liquidation;

(2) a financial institution the business and property of which the department of financial institutions has authorized the institution to liquidate under IC 28-1-9 and IC 28-7-1-27.1; and

(3) any national banking association, federal savings association, or federally chartered savings bank for the business and property of which a receiver has been appointed.