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

Indiana Statutes

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

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

(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 t

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(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.

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