Sec. 1. This chapter does not apply to: (1) an entity that is regulated by: (A) the office of the comptroller of the currency; (B) the Federal Deposit Insurance Corporation; (C) the Board of Governors of the United States Federal Reserve System; (D) the Indiana department of financial institutions; or (E) the National Credit Union Administration; (2) an entity that is owned or controlled by a state chartered credit union or a federally chartered credit union; (3) a corporation formed under IC 8-1-13 ; (4) a cooperative corporation formed under IC 8-1-17 ; (5) an association organized under IC 15-12-1 ; (6) a mutual insurance company formed under IC 27 or the laws of another state; (7) any state or federally organized financial institution that is mutually owned; or (8) a nonprofit corporation organized as a mutual benefit corporation formed under IC 23-17 .
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