Tex. Finance Code § 62.405
APPROVAL BY COMMISSIONER OF PLAN
Texas · Texas Finance Code · Status: effective
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- Citation
- Tex. Finance Code § 62.405, APPROVAL BY COMMISSIONER OF PLAN, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645369
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Full text
(a) If the commissioner approves the plan of merger or consolidation, the commissioner shall issue an order approving the merger or consolidation.
(b) If the surviving association is a foreign association, the commissioner shall issue and deliver to the surviving association a certificate of authority to do business as an association in this state for the period expiring on January 31 of the next calendar year.
(c) A surviving association that is a domestic association shall operate under:
(1) the articles and bylaws of the merging or consolidating domestic association; and
(2) the laws applicable to a domestic association.