Sec. 8. Unless authorized by the director, a mutual holding company may not waive its right to receive any dividend declared by a subsidiary.
Ind. Code § 28-6.2-5-8
Waiver of right to receive dividend; authorization
As added by P.L.122-1994, SEC.101.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.