{"data":{"id":"us-tx/tex.-finance-code-62.351","jurisdiction":"us-tx","citation":"Tex. Finance Code § 62.351","heading":"AUTHORITY TO REORGANIZE, MERGE, OR CONSOLIDATE.","body":"(a) An association may reorganize, merge, or consolidate with another association, federal association, foreign association, state or national bank, or state or federal savings bank under a plan adopted by the board.\n(b) The plan must be approved:\n(1) at an annual meeting or a special meeting called to consider the action by a majority of the total vote the members or shareholders are entitled to cast; and\n(2) by the commissioner.\n(c) A shareholder of a capital stock association has the same dissenter's rights as a shareholder of a domestic corporation under the Texas Business Corporation Act.\n(d) A merger or consolidation of a domestic association with a foreign association is also subject to Subchapter I.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE B. SAVINGS AND LOAN ASSOCIATIONS","CHAPTER 62. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS","SUBCHAPTER H. REORGANIZATION, MERGER, AND CONSOLIDATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.62.htm#62.351","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"d911303a15a2ccfe179734e9e7ae2067fc08e5de4675a6417229f36b2980119e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-62.307","next":"us-tx/tex.-finance-code-62.352"},"notice":"GroundRules: Original legal text. Not legal advice."}