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.
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