Sec. 824.053. APPROVAL OF MERGER OR CONSOLIDATION AFFECTING FOREIGN CORPORATION; EFFECTIVE DATE. Notwithstanding Section 824.051 or 824.052, a merger or consolidation involving a corporation organized under the laws of another state does not take effect until the merger or consolidation is approved by the proper official of the domiciliary state, if that approval is required.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle B - Organization of Regulated Entities
Chapter 824 - Merger and Consolidation of Stock Insurance Corporations
Subchapter B. Effective Date of Merger or Consolidation
Section 824.051. Effective Date of Merger
Section 824.052. Effective Date of Consolidation
Section 824.053. Approval of Merger or Consolidation Affecting Foreign Corporation; Effective Date