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.
‹ Prev All Indiana sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.