(b) 'Federal deposit insurance agency' means an agency or instrumentality of the United States that insures to any extent the deposits of a financial institution, including the Federal Deposit Insurance Corporation or the National Credit Union Administration.(c) 'Insolvent' means a financial institution that:(1) is incapable of meeting the demands of creditors or depositors on a timely basis; or(2) has liabilities in excess of the total value of its assets as determined by the department.(d) 'Receiver' means a:(1) federal deposit insurance agency;(2) private deposit insurer of credit unions; or(3) designated agent of the department.(e) 'Receivership court' means the court that the department has filed the notice of possession with, under this chapter.As added by P.L.141-1984, SEC.2. Amended by P.L.8-1991, SEC.10; P.L.262-1995, SEC.3.
Indiana Legal Code