Tex. Finance Code § 182.302
This is the official text of Tex. Finance Code § 182.302, part of Texas’s Finance Code — regulates banks and other financial institutions.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 182.302. MERGER APPLICATION; GROUNDS FOR APPROVAL.
Official statutory text
(a) To apply for approval of a merger, the parties must submit the original certificate of merger, a number of copies of the certificate of merger equal to the number of surviving, new, and acquiring entities, and an application in the form required by the banking commissioner. The banking commissioner may require the submission of additional information as considered necessary to an informed decision.
(b) The banking commissioner shall investigate the condition of the merging parties.
(c) The banking commissioner may approve the merger if:
(1) each resulting state trust company:
(A) has complied with the statutes and rules relating to the organization of a state trust company; and
(B) will be solvent and have adequate capitalization for its business and location;
(2) all obligations and liabilities of each trust company that is a party to the merger have been properly discharged or otherwise lawfully assumed or retained by a trust institution or other fiduciary;
(3) each surviving, new, or acquiring person that is not authorized to engage in the trust business will not engage in the trust business and has complied with the laws of this state; and
(4) all conditions imposed by the banking commissioner have been satisfied or otherwise resolved.
(b) The banking commissioner shall investigate the condition of the merging parties.
(c) The banking commissioner may approve the merger if:
(1) each resulting state trust company:
(A) has complied with the statutes and rules relating to the organization of a state trust company; and
(B) will be solvent and have adequate capitalization for its business and location;
(2) all obligations and liabilities of each trust company that is a party to the merger have been properly discharged or otherwise lawfully assumed or retained by a trust institution or other fiduciary;
(3) each surviving, new, or acquiring person that is not authorized to engage in the trust business will not engage in the trust business and has complied with the laws of this state; and
(4) all conditions imposed by the banking commissioner have been satisfied or otherwise resolved.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.