Mutual holding company means that term as defined in section 10(o) of the home owners' loan act, chapter 64, titles III and IX of Public Law 101-73, 12 U.S.C. 1467a, and OTS regulations governing mutual holding companies.
Examples of Mutual holding company in a sentence
Mutual holding company boards, like other stock holding company boards, typically consist of the same persons who sit on the boards of subsidiaries, and such directors are encouraged to own stock in their subsidiaries.
More Definitions of Mutual holding company
Mutual holding company means (1) a mutual state bank or an affiliate of a mutual state bank reorganized in accordance with the bill to hold all or part of the shares of the capital stock of a subsidiary state bank or (2) a mutual holding company organized in accordance with 12 United States Code (U.S.C.) 1467a(o) that has converted to a mutual holding company under the bill.13
Mutual holding company means a mutual holding company formed pursuant to section 3488.[PL 1999, c. 656, §5 (NEW).]
Mutual holding company means either of the following: