Tex. Finance Code § 62.451
This is the official text of Tex. Finance Code § 62.451, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 62.451. AUTHORITY TO MERGE.
Official statutory text
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.
(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.
Status: in_force · Read it on the official government site
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