Texas § FI.203.003 - ENTRY BY INTERSTATE MERGER TRANSACTION
Full text of Texas The Texas Constitution § FI.203.003 — ENTRY BY INTERSTATE MERGER TRANSACTION, with citation guidance and answers to common questions.
§ FI.203.003. ENTRY BY INTERSTATE MERGER TRANSACTION
ENTRY BY INTERSTATE MERGER TRANSACTION. (a) Subject to Section 203.004 , one or more Texas banks may enter into an interstate merger transaction with one or more out-of-state banks under this chapter, and an out-of-state bank resulting from the transaction may maintain and operate the branches in this state of a Texas bank that participated in the transaction. An out-of-state bank that will be the resulting bank in the interstate merger transaction shall comply with Section 201.102 . (b) An out-of-state bank that will be the resulting bank pursuant to an interstate merger transaction involving a Texas state bank shall notify the commissioner of the proposed merger not later than the date on which it files an application for an interstate merger transaction with the responsible federal bank supervisory agency, and shall submit a copy of that application to the commissioner and pay the filing fee, if any, required by the commissioner. A Texas state bank that is a party to the interstate merger transaction shall comply with Chapter 32 and with other applicable state and federal laws. An out-of-state bank that will be the resulting bank in the interstate merger transaction shall provide satisfactory evidence to the commissioner of compliance with Section 201.102 . (c) Repealed by Acts 2013, 83rd Leg., R.S., Ch. 940, Sec. 26, eff. June 14, 2013. Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 940 (H.B. 1664 ), Sec. 24, eff. June 14, 2013. Acts 2013, 83rd Leg., R.S., Ch. 940 (H.B. 1664 ), Sec. 26, eff. June 14, 2013.
Frequently Asked Questions About Texas § FI.203.003
What does The Texas Constitution § FI.203.003 cover?
Section FI.203.003 ("ENTRY BY INTERSTATE MERGER TRANSACTION") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.203.003?
A common citation format is "The Texas Constitution § FI.203.003" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.203.003 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.