WILLIAM DONALD SCHAEFER, Governor Ch. 544
SAVINGS AND LOAN ACQUISITIONS
9-1001.

(A)  IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(B)  "ACQUIRE" MEANS:

(1)  TO MERGE OR CONSOLIDATE ONE SAVINGS AND LOAN
ASSOCIATION WITH ANOTHER SAVINGS AND LOAN ASSOCIATION OR ONE
SAVINGS AND LOAN HOLDING COMPANY WITH ANOTHER SAVINGS AND LOAN
HOLDING COMPANY;

(2)  FOR A SAVINGS AND LOAN ASSOCIATION OR SAVINGS AND
LOAN HOLDING COMPANY TO ASSUME DIRECT OR INDIRECT OWNERSHIP OR
CONTROL OF VOTING SHARES OF ANOTHER SAVINGS AND LOAN ASSOCIATION
OR SAVINGS AND LOAN HOLDING COMPANY IF, AFTER ASSUMPTION OF
OWNERSHIP OR CONTROL, THE FIRST 1ST SAVINGS AND LOAN ASSOCIATION
OR SAVINGS AND LOAN. HOLDING COMPANY DIRECTLY OR INDIRECTLY OWNS
OR CONTROLS MORE THAN 10 5 PERCENT OF ANY CLASS OF VOTING SHARES
OF THE OTHER SAVINGS AND LOAN ASSOCIATION OR SAVINGS AND LOAN
HOLDING COMPANY;

(3)  FOR A SAVINGS AND LOAN ASSOCIATION OR SAVINGS AND
LOAN HOLDING COMPANY TO ASSUME DIRECTLY OR INDIRECTLY OWNERSHIP
OR CONTROL OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF ANOTHER
SAVINGS AND LOAN ASSOCIATION OR SAVINGS AND LOAN HOLDING COMPANY;
OR

(4)  TO TAKE ANY OTHER ACTION THAT RESULTS IN DIRECT
OR INDIRECT CONTROL BY A SAVINGS AND LOAN ASSOCIATION OR SAVINGS
AND LOAN HOLDING COMPANY OF ANOTHER SAVINGS AND LOAN ASSOCIATION
OR SAVINGS AND LOAN HOLDING COMPANY.

(C) (1) "CONTROL" MEANS:

(I)  FOR A PERSON DIRECTLY OR INDIRECTLY OR
ACTING IN CONCERT WITH ONE 1 OR MORE OTHER PERSONS, OR THROUGH
ONE I OR MORE SUBSIDIARIES, TO OWN, CONTROL, OR HOLD WITH POWER
TO VOTE, OR TO HOLD PROXIES REPRESENTING, MORE THAN 10 5 PERCENT
OF THE VOTING SHARES OF A SAVINGS AND LOAN ASSOCIATION, OR TO
CONTROL IN ANY MANNER THE ELECTION OF A MAJORITY OF THE DIRECTORS
OF A SAVINGS AND LOAN ASSOCIATION;

(II)  FOR A PERSON DIRECTLY OR INDIRECTLY OR
ACTING IN CONCERT WITH ONE 1 OR MORE OTHER PERSONS, OR THROUGH
ONE 1 OR MORE SUBSIDIARIES, TO OWN, CONTROL, OR HOLD WITH POWER
TO VOTE, OR TO HOLD PROXIES REPRESENTING MORE THAN 10 5 PERCENT
OF THE VOTING SHARES OR RIGHTS OF ANOTHER COMPANY, OR TO CONTROL
IN ANY MANNER THE ELECTION OR APPOINTMENT OF A MAJORITY OF THE
DIRECTORS OR TRUSTEES OF ANOTHER COMPANY, OR TO BE A GENERAL

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