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Texas Finance Code - FIN § 62.451. Authority to Merge

Current as of January 01, 2024 | Updated by Findlaw Staff

One or more corporations organized under a law of this state may merge into an association that owns all of the corporations' capital stock if:

(1) the board of directors of the association and each corporation by a majority vote adopt the plan of merger; and

(2) the secretary of state and the commissioner approve the merger.

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 62.451. Authority to Merge - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-62-451/

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