Texas § FI.62.351 - AUTHORITY TO REORGANIZE, MERGE, OR CONSOLIDATE
Full text of Texas The Texas Constitution § FI.62.351 — AUTHORITY TO REORGANIZE, MERGE, OR CONSOLIDATE, with citation guidance and answers to common questions.
§ FI.62.351. AUTHORITY TO REORGANIZE, MERGE, OR CONSOLIDATE
AUTHORITY TO REORGANIZE, MERGE, OR CONSOLIDATE. (a) An association may reorganize, merge, or consolidate with another association, federal association, foreign association, state or national bank, or state or federal savings bank under a plan adopted by the board. (b) The plan must be approved: (1) at an annual meeting or a special meeting called to consider the action by a majority of the total vote the members or shareholders are entitled to cast; and (2) by the commissioner. (c) A shareholder of a capital stock association has the same dissenter's rights as a shareholder of a domestic corporation under the Texas Business Corporation Act. (d) A merger or consolidation of a domestic association with a foreign association is also subject to Subchapter I. 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.62.351
What does The Texas Constitution § FI.62.351 cover?
Section FI.62.351 ("AUTHORITY TO REORGANIZE, 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.62.351?
A common citation format is "The Texas Constitution § FI.62.351" (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.62.351 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.