Sec. 6. A mutual holding company may, at any time, and without prior approval of the department, acquire additional shares of the stock of a subsidiary savings bank.
As added by P.L.122-1994, SEC.101.
Structure Indiana Code
Title 28. Financial Institutions
Article 6.2. Mutual Savings Bank Holding Companies
Chapter 5. Powers of a Mutual Holding Company
28-6.2-5-1. Investment and Acquisition Powers; Other Powers
28-6.2-5-3. Pledging Stock; Notification; Certification of Transfer of Proceeds
28-6.2-5-4. Notice of Nonpayment
28-6.2-5-5. Repurchase of Stock; Written Approval
28-6.2-5-6. Acquisition of Additional Shares of Stock
28-6.2-5-7. Permissive Transfer of Stock, Assets, or Liabilities
28-6.2-5-8. Waiver of Right to Receive Dividend; Authorization