Sec. 8. As used in this chapter, "default" means any adjudication or other official determination of a court or other public authority under which a conservator, receiver, or other legal custodian is appointed for a mutual holding company or savings bank subsidiary of a mutual holding company. As added by P.L.122-1994, SEC.101.
"Default" defined
Ind. Code § 28-6.2-1-8, under Definitions.
Ind. Code § 28-6.2-1-8