Sec. 122.156. RULES TO ADDRESS CERTAIN PROCEDURES. The rules adopted under this subchapter must specify in detail the procedures that:
(1) a credit union must follow to obtain commissioner approval of a merger or consolidation; and
(2) the commissioner must follow in approving or disapproving the merger or consolidation.
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