Sec. 273.405. PROCEDURE FOR MERGER, SALE OF CONTROL OF, OR SALE OF ASSETS. A merger, sale of control, or sale of any of the assets of a member association under conservatorship in aid of which money from an account under this chapter has been advanced may be accomplished in the form and by the procedure the board and the commissioner consider appropriate.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses
Chapter 273 - Savings and Loan Supplemental Fund Act
Subchapter E. Assistance Provided to Member Associations Under Conservatorship
Section 273.401. General Assistance
Section 273.402. Assistance in Transferring or Disposing of Property
Section 273.403. Advance of Money
Section 273.404. Purchase of Interest in Assets
Section 273.405. Procedure for Merger, Sale of Control Of, or Sale of Assets