{"data":{"id":"us-tx/tex.-finance-code-62.451","jurisdiction":"us-tx","citation":"Tex. Finance Code § 62.451","heading":"AUTHORITY TO MERGE.","body":"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:\n(1) the board of directors of the association and each corporation by a majority vote adopt the plan of merger; and\n(2) the secretary of state and the commissioner approve the merger.\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 J. MERGER OF SUBSIDIARY CORPORATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.62.htm#62.451","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"963cd2096036eb696ae7bea4059179b26a478b2a89dbaab8afaaf4710381e10e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-62.406","next":"us-tx/tex.-finance-code-62.452"},"notice":"GroundRules: Original legal text. Not legal advice."}