Definition of Poage Subsidiary


Poage Subsidiary means any corporation, limited liability company, limited liability partnership or partnership (whether general or limited), 10% or more of the capital stock or other equity ownership interest of which is owned, either directly or indirectly, by Poage Bankshares or Home Federal, except any corporation, limited liability company, limited liability partnership or partnership (whether general or limited), the stock or other equity ownership interest of which is held as security by Home Federal in the ordinary course of its lending activities.
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