Section 28-15-10-7 - Acquisition of foreign savings associations and holding companies(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.
As added by P.L. 193-1997, SEC.2.