Sec. 122.1531. CONSIDERATIONS IN DETERMINATION. In determining whether to approve or disapprove the merger or consolidation, the commissioner shall consider the availability and adequacy of financial services in the local community and the effect that the merger or consolidation would have on the local community. The commission by rule shall establish other appropriate criteria that the commissioner must consider in making the determination.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.03(a), eff. Sept. 1, 1999.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 122 - Organizational and Financial Requirements
Subchapter D. Merger or Consolidation
Section 122.151. Authority to Merge or Consolidate
Section 122.152. Application to Merge or Consolidate
Section 122.153. Decision by Commissioner; Appeal
Section 122.1531. Considerations in Determination
Section 122.154. Property, Obligations, and Liabilities of Merged or Consolidated Credit Union