Texas § 182.303 APPROVAL OF BANKING COMMISSIONER.

Texas Statutes

§ 182.303 — APPROVAL OF BANKING COMMISSIONER.

Texas § 182.303

Code FIFinance Code

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Bluebook

Tex. Finance Code Code Ann. § 182.303 (2026).

Text

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.

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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.

Legislative History

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 575 (S.B. 804 ), Sec. 25, eff. June 14, 2013.