Texas Finance Code

§ 122.156 — RULES TO ADDRESS CERTAIN PROCEDURES

FI § 122.156Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part D. CREDIT UNIONS · Ch. 122. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS · Art. D. MERGER OR CONSOLIDATION

Statute text

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The rules adopted under this subchapter must specify in detail the procedures that:

(1)a credit union must follow to obtain commissioner approval of a merger or consolidation; and

(2)the commissioner must follow in approving or disapproving the merger or consolidation.

Legislative history

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.03(a), eff. Sept. 1, 1999.