Texas § FI.122.152 - APPLICATION TO MERGE OR CONSOLIDATE
Full text of Texas The Texas Constitution § FI.122.152 — APPLICATION TO MERGE OR CONSOLIDATE, with citation guidance and answers to common questions.
§ FI.122.152. APPLICATION TO MERGE OR CONSOLIDATE
APPLICATION TO MERGE OR CONSOLIDATE. (a) After agreement by the directors and approval by the members, if applicable, of each credit union or federal credit union, the chairman and secretary of each credit union or federal credit union shall execute a certificate of merger or consolidation that: (1) includes a copy of the resolution or other action by which the board agreed to the merger or consolidation plan; and (2) states: (A) the time and place of the board meeting at which the board agreed to the merger or consolidation plan; (B) the board's vote for and against adoption of the plan; (C) the time and place of the meeting at which the members approved the plan, if applicable; (D) the membership's vote for and against approval of the plan, if applicable; and (E) the name of the surviving credit union. (b) The merging credit union or a consolidating credit union shall submit the certificates and a copy of the merger or consolidation plan to the commissioner. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2003, 78th Leg., ch. 533, Sec. 26, eff. Sept. 1, 2003.
Frequently Asked Questions About Texas § FI.122.152
What does The Texas Constitution § FI.122.152 cover?
Section FI.122.152 ("APPLICATION 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.122.152?
A common citation format is "The Texas Constitution § FI.122.152" (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.122.152 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.