Waiver of Right to Receive Dividend; Authorization

  1. Law
  2. Indiana Code
  3. Financial Institutions
  4. Mutual Savings Bank Holding Companies
  5. Powers of a Mutual Holding Company
  6. Waiver of Right to Receive Dividend; Authorization

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Sec. 8. Unless authorized by the director, a mutual holding company may not waive its right to receive any dividend declared by a subsidiary.

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


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