Indiana § 28-15-10-5 Indiana savings association holding company; acquisitions by

Indiana Statutes

§ 28-15-10-5 — Indiana savings association holding company; acquisitions by

Indiana·Art. 15 SAVINGS ASSOCIATIONS·Ch. 10 Interstate Acquisition of Savings Associations

(a)An Indiana savings association holding company is entitled to acquire one (1) or more:

(1)foreign savings associations; or

(2)foreign savings association holding companies; 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.

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(a) An Indiana savings association holding
company is entitled to acquire one (1) or more:
(1) foreign savings associations; or
(2) foreign savings association holding companies;
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.

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