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Tex. Finance Code § 62.451

AUTHORITY TO MERGE

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 62.451, AUTHORITY TO MERGE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645372
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One or more corporations organized under a law of this state may merge into an association that owns all of the corporations' capital stock if: (1) the board of directors of the association and each corporation by a majority vote adopt the plan of merger; and (2) the secretary of state and the commissioner approve the merger.