Tex. Finance Code § 62.453
This is the official text of Tex. Finance Code § 62.453, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 62.453. APPROVAL OF MERGER.
Official statutory text
(a) The secretary of state shall approve the articles of merger if the secretary of state determines that:
(1) the articles of merger comply with applicable law; and
(2) all fees and franchise taxes due from each corporation have been paid.
(b) The commissioner shall approve the articles of merger if the commissioner determines that:
(1) the articles of merger comply with applicable law; and
(2) the merger is in the best interest of the association.
(c) On approval of the articles of merger, each approving officer shall:
(1) endorse on the original and copy of the articles of merger the word "filed" and the date of the approval;
(2) file the original articles of merger in the records of the officer's office; and
(3) issue and deliver to the association a certificate of merger with an attached copy of the articles of merger.
(1) the articles of merger comply with applicable law; and
(2) all fees and franchise taxes due from each corporation have been paid.
(b) The commissioner shall approve the articles of merger if the commissioner determines that:
(1) the articles of merger comply with applicable law; and
(2) the merger is in the best interest of the association.
(c) On approval of the articles of merger, each approving officer shall:
(1) endorse on the original and copy of the articles of merger the word "filed" and the date of the approval;
(2) file the original articles of merger in the records of the officer's office; and
(3) issue and deliver to the association a certificate of merger with an attached copy of the articles of merger.
Status: in_force · Read it on the official government site
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