"Financial institution" means a state or national:

1. (1) bank;
2. (2) bank and trust company;
3. (3) trust company;
4. (4) savings bank; or

5. (5) savings association;

   that maintains a principal place of business in Indiana and is qualified to serve as a trustee.

As added by P.L.52-1997, SEC.7. Amended by P.L.79-1998, SEC.25.