Statutes, codes, and regulations
Indiana Code
Title 28 - FINANCIAL INSTITUTIONSArticle 6.2 - MUTUAL SAVINGS BANK HOLDING COMPANIES
Chapter 5 - POWERS OF A MUTUAL HOLDING COMPANY
Section 28-6.2-5-7 - Permissive transfer of stock, assets, or liabilities

Ind. Code § 28-6.2-5-7

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Current through P.L. 171-2024
Section 28-6.2-5-7 - Permissive transfer of stock, assets, or liabilities

With the written approval of the department, a mutual holding company may do the following:

(1) Directly or indirectly transfer any interest in stock that it holds in any subsidiary savings bank.
(2) Cause or permit the transfer of all or a substantial portion of the assets or liabilities of any subsidiary savings bank.

IC 28-6.2-5-7

As added by P.L. 122-1994, SEC.101.