Sec. 1. As used in this chapter, “foreign savings association” means: (1) a savings association: (A) that is organized or reorganized under the laws of any other state or territory of the United States, including the District of Columbia; and (B) whose home office is located outside Indiana; or (2) a federal savings association whose […]
Sec. 2. As used in this chapter, “foreign savings association holding company” means a savings association holding company whose principal place of business is located outside Indiana. As added by P.L.193-1997, SEC.2.
Sec. 3. As used in this chapter, “Indiana savings association” means: (1) a savings association whose home office is located in Indiana; or (2) a federal savings association whose home office is located in Indiana. As added by P.L.193-1997, SEC.2. Amended by P.L.29-2022, SEC.15.
Sec. 4. As used in this chapter, “Indiana savings association holding company” means a savings association holding company whose principal place of business is located in Indiana. As added by P.L.193-1997, SEC.2.
Sec. 5. (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 […]
Sec. 6. (a) A foreign savings association holding company is entitled to acquire one (1) or more: (1) Indiana savings associations; or (2) Indiana savings association holding companies; 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 […]
Sec. 7. (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 […]
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. (b) The acquisition of the holding company of an Indiana savings association under this chapter includes the acquisition of: (1) the Indiana savings association subsidiaries of the acquired […]
Sec. 9. (a) If federal law requires a savings association or savings association holding company to submit an application to a federal agency before an acquisition under this chapter, the savings association or savings association holding company must comply with federal law and file with the department: (1) a copy of all papers filed with […]
