"Closed depository" includes:

1. (1) a financial institution the business and property of which the department of financial institutions has taken possession of under IC 28-1-3.1 for the purpose of liquidation;
2. (2) a financial institution the business and property of which the department of financial institutions has authorized the institution to liquidate under IC 28-1-9 and IC 28-7-1-27.1 ; and
3. (3) any national banking association, federal savings association, or federally chartered savings bank for the business and property of which a receiver has been appointed.

As added by P.L.19-1987, SEC.6. Amended by P.L.79-1998, SEC.7.