Sec. 20. (a) “Stock” means the units into which the proprietary interests of a savings bank are divided.

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     (b) The term includes:

(1) common or preferred stock;

(2) any other type of equity security;

(3) warrants or options to acquire common or preferred stock; and

(4) other securities that are convertible into common or preferred stock.

As added by P.L.122-1994, SEC.101.