Sec. 182.303. APPROVAL OF BANKING COMMISSIONER. (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.
‹ Prev All Texas sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.