Texas § FI.122.151 - AUTHORITY TO MERGE OR CONSOLIDATE
Full text of Texas The Texas Constitution § FI.122.151 — AUTHORITY TO MERGE OR CONSOLIDATE, with citation guidance and answers to common questions.
§ FI.122.151. AUTHORITY TO MERGE OR CONSOLIDATE
AUTHORITY TO MERGE OR CONSOLIDATE. (a) A credit union may merge or consolidate with another credit union, under the other credit union's existing articles of incorporation or otherwise, if: (1) the merger or consolidation is in accordance with commission rules and approved by the commissioner; and (2) the merger or consolidation takes place under a plan that has been: (A) agreed to by a majority of the board of each credit union joining in the merger or consolidation; and (B) approved by a majority of the members of each credit union voting at a meeting of its members called for that purpose. (b) The commissioner may waive the requirement that the members of each credit union approve the plan. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.122.151
What does The Texas Constitution § FI.122.151 cover?
Section FI.122.151 ("AUTHORITY TO MERGE OR CONSOLIDATE") 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.122.151?
A common citation format is "The Texas Constitution § FI.122.151" (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.122.151 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.