{"data":{"id":"us-tx/tex.-finance-code-62.453","jurisdiction":"us-tx","citation":"Tex. Finance Code § 62.453","heading":"APPROVAL OF MERGER.","body":"(a) The secretary of state shall approve the articles of merger if the secretary of state determines that:\n(1) the articles of merger comply with applicable law; and\n(2) all fees and franchise taxes due from each corporation have been paid.\n(b) The commissioner shall approve the articles of merger if the commissioner determines that:\n(1) the articles of merger comply with applicable law; and\n(2) the merger is in the best interest of the association.\n(c) On approval of the articles of merger, each approving officer shall:\n(1) endorse on the original and copy of the articles of merger the word \"filed\" and the date of the approval;\n(2) file the original articles of merger in the records of the officer's office; and\n(3) issue and deliver to the association a certificate of merger with an attached copy of the articles of 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#62.453","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"ff3be107203d53f139a4ae3a47a66d9077b89279a507fbdc6d6d69ccd485dba2","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-62.452","next":"us-tx/tex.-finance-code-62.454"},"notice":"GroundRules: Original legal text. Not legal advice."}