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28-15-10-7. Acquisition of foreign savings associations and holding companies

IN Code § 28-15-10-7 (2019) (N/A)
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Sec. 7. (a) The acquisition of a foreign savings association by an Indiana savings association holding company under section 5 of this chapter includes the acquisition of all the branches owned by the foreign savings association.

(b) The acquisition of the holding company of a foreign savings association by an Indiana savings association holding company includes the acquisition of:

(1) all the subsidiaries of the acquired foreign savings association holding company; and

(2) all the branches of the subsidiaries of the foreign savings association holding company.

(c) After an acquisition under section 5 of this chapter:

(1) an acquiring Indiana savings association;

(2) an acquired foreign savings association; and

(3) the subsidiaries of an acquired foreign savings association holding company;

have the same branching rights as a foreign savings association.

As added by P.L.193-1997, SEC.2.

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28-15-10-6. Foreign savings association holding company; acquisitions by
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28-15-10-8. Acquisition of Indiana savings associations