{"data":{"id":"us-tx/tex.-finance-code-62.405","jurisdiction":"us-tx","citation":"Tex. Finance Code § 62.405","heading":"APPROVAL BY COMMISSIONER OF PLAN.","body":"(a) If the commissioner approves the plan of merger or consolidation, the commissioner shall issue an order approving the merger or consolidation.\n(b) If the surviving association is a foreign association, the commissioner shall issue and deliver to the surviving association a certificate of authority to do business as an association in this state for the period expiring on January 31 of the next calendar year.\n(c) A surviving association that is a domestic association shall operate under:\n(1) the articles and bylaws of the merging or consolidating domestic association; and\n(2) the laws applicable to a domestic association.\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 I. ADDITIONAL PROVISIONS FOR MERGER OR CONSOLIDATION OF DOMESTIC AND FOREIGN ASSOCIATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.62.htm#62.405","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"e859ed662a2d1a74a8905991aaf27c6a6f31a0a0df68419992eb855e1c1fe95a","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-62.404","next":"us-tx/tex.-finance-code-62.406"},"notice":"GroundRules: Original legal text. Not legal advice."}