default
(10) Definitions For purposes of this subsection— (A) Mutual holding company The term “mutual holding company” means a corporation organized as a holding company under this subsection. (B) Mutual association The term “mutual association” means a savings association which is operating in mutual form. (C) Default The term “default” means an adjudication or other official determination of a court of competent jurisdiction or other public authority pursuant to which a conservator, receiver, or other legal custodian is appointed.