Tex. Fin. Code § 62.451

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 62.451 - Authority to Merge

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.

Tex. Fin. Code § 62.451

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.