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 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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