Sec. 122.155. CONSTRUCTION OF SUBCHAPTER. This subchapter shall be construed, when possible, to permit a credit union authorized to do business in this state under other law to merge or consolidate with a credit union authorized to do business under this subtitle.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
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