§ 28-6.2-5-7 — Permissive transfer of stock, assets, or liabilities

Indiana § 28-6.2-5-7

• Jurisdiction: Indiana
• Art. 6.2: MUTUAL SAVINGS BANK HOLDING
• Ch. 5: Powers of a Mutual Holding Company

Text

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.

Legislative History

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