Merger

Sec. 887.065. MERGER. (a) An association may not merge with another association without the advance approval of the department. (b) The department may grant approval under Subsection (a) only after the department: (1) completely investigates the facts; and (2) determines that the proposed merger is to the advantage of the members. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. SUBCHAPTER C. AUTHORITY TO ENGAGE IN BUSINESS