Indiana Code 28-15-10-8. Acquisition of Indiana savings associations
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Sec. 8. (a) The acquisition of an Indiana savings association under section 6 of this chapter includes the acquisition of all subsidiaries of the Indiana savings association.
(1) the Indiana savings association subsidiaries of the acquired Indiana savings association holding company; and
(b) The acquisition of the holding company of an Indiana savings association under this chapter includes the acquisition of:
Terms Used In Indiana Code 28-15-10-8
- foreign savings association: means :
Indiana Code 28-15-10-1
- Indiana savings association: means :
Indiana Code 28-15-10-3
- Indiana savings association holding company: means a savings association holding company whose principal place of business is located in Indiana. See Indiana Code 28-15-10-4
(2) all branches of the Indiana savings association subsidiaries of the acquired Indiana savings association holding company.
(c) After an acquisition under section 6 of this chapter:
(1) an acquiring foreign savings association;
(2) an acquired Indiana savings association; and
(3) the subsidiaries of an acquired Indiana savings association holding company;
have the same branching rights as an Indiana savings association.
As added by P.L.193-1997, SEC.2.