32-17-11-8. "Payment" defined

IN Code § 32-17-11-8 (2019) (N/A)
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Sec. 8. As used in this chapter, "payment" of sums on deposit includes the following:

(1) Withdrawal.

(2) Payment on check or other directive of a party.

(3) Any pledge of sums on deposit by a party.

(4) Any set-off, reduction, or other disposition of all or part of any account pursuant to a pledge.

[Pre-2002 Recodification Citation: 32-4-1.5-1(8).]

As added by P.L.2-2002, SEC.2.