Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 887.065 - Merger(a) An association may not merge with another association without the advance approval of the department.(b) The department may grant approval under Subsection (a) only after the department: (1) completely investigates the facts; and(2) determines that the proposed merger is to the advantage of the members.
Tex. Ins. Code § 887.065
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.