Ind. Code § 28-6.2-5-7
Permissive transfer of stock, assets, or liabilities
As added by P.L.122-1994, SEC.101.
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.