Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 2 - TEXAS DEPARTMENT OF BANKING
Chapter 21 - TRUST COMPANY CORPORATE ACTIVITIES
Subchapter F - APPLICATION FOR MERGER, CONVERSION, OR SALE OF ASSETS
Section 21.62 - General
Universal Citation: 7 TX Admin Code ยง 21.62
Current through Reg. 49, No. 38; September 20, 2024
Without the prior written consent of the banking commissioner, a trust company may not consummate a merger, conversion, sale of assets, purchase of assets, or share exchange. Except as otherwise provided by Finance Code, Chapter 182, Subchapters D-F, or this subchapter, an application must be filed with the banking commissioner for review and consideration of the proposed transaction.
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