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- 2023 Edition
- Title 28. Financial Institutions
- Article 6.2. Mutual Savings Bank Holding Companies
- Chapter 5. Powers of a Mutual Holding Company
IC 28-6.2-5-2 Pledging Stock
| Library | Indiana Statutes |
| Edition | 2023 |
| Currency | Current through P.L. 255-2023 |
| Year | 2023 |
| Citation | IC 28-6.2-5-2 |
(a) A mutual holding company, to collateralize an obligation of its own or of any of its subsidiaries or affiliates, may pledge any stock that comprises a minority interest in any subsidiary or any stock that the mutual holding company holds in the following:
(1) A subsidiary savings bank, if the proceeds or other benefit of the obligation collateralized are received by the savings bank whose stock is pledged.
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