Texas Finance Code

§ 182.303 — APPROVAL OF BANKING COMMISSIONER

FI § 182.303Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part F. TRUST COMPANIES · Ch. 182. POWERS, ORGANIZATION, AND FINANCIAL REQUIREMENTS · Art. D. MERGER

Statute text

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(a)If the banking commissioner approves the merger and finds that all required filing fees and investigative costs have been paid, the banking commissioner shall:

(1)endorse the face of the original and each copy of the certificate of merger with the date of approval and the word "Approved";

(2)file the original in the department's records; and

(3)deliver a certified copy of the certificate of merger to each surviving, new, or acquiring entity.

(b)A merger is effective on the date of approval, unless the merger agreement provides and the banking commissioner consents to a different effective date. Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999. Amended by:

Legislative history

Acts 2013, 83rd Leg., R.S., Ch. 575 (S.B. 804), Sec. 25, eff. June 14, 2013.