Sec. 182.303. APPROVAL OF BANKING COMMISSIONER. (a) If the banking commissioner approves the merger and finds that all required filing fees and investigative costs have been paid, the banking commissioner shall:
(1) endorse the face of the original and each copy of the certificate of merger with the date of approval and the word "Approved";
(2) file the original in the department's records; and
(3) deliver a certified copy of the certificate of merger to each surviving, new, or acquiring entity.
(b) A merger is effective on the date of approval, unless the merger agreement provides and the banking commissioner consents to a different effective date.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 575 (S.B. 804), Sec. 25, eff. June 14, 2013.
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