Indiana Code 28-15-10-5. Indiana savings association holding company; acquisitions by
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Sec. 5. (a) An Indiana savings association holding company is entitled to acquire one (1) or more:
(2) foreign savings association holding companies;
(1) foreign savings associations; or
Terms Used In Indiana Code 28-15-10-5
- foreign savings association: means :
Indiana Code 28-15-10-1
- Indiana savings association: means :
Indiana Code 28-15-10-3
after the department grants the application of the 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.