Permissive Transfer of Stock, Assets, or Liabilities

  1. Law
  2. Indiana Code
  3. Financial Institutions
  4. Mutual Savings Bank Holding Companies
  5. Powers of a Mutual Holding Company
  6. Permissive Transfer of Stock, Assets, or Liabilities

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Sec. 7. 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.

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


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