Indiana Code 28-15-10-6. Foreign savings association holding company; acquisitions by
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Sec. 6. (a) A foreign savings association holding company is entitled to acquire one (1) or more:
(2) Indiana savings association holding companies;
(1) Indiana savings associations; or
Terms Used In Indiana Code 28-15-10-6
- foreign savings association: means :
Indiana Code 28-15-10-1
- foreign savings association holding company: means a savings association holding company whose principal place of business is located outside Indiana. See Indiana Code 28-15-10-2
- Indiana savings association: means :
Indiana Code 28-15-10-3
after the department grants the application of the foreign savings association holding company for approval of the proposed acquisition.
(b) The department shall approve or deny an application for approval of a proposed acquisition under this section not more than ninety (90) days after the department receives the application, unless the department needs additional time for consideration of the application.
As added by P.L.193-1997, SEC.2.