Sec. 887.065. MERGER. (a) An association may not merge with another association without the advance approval of the department.
(b) The department may grant approval under Subsection (a) only after the department:
(1) completely investigates the facts; and
(2) determines that the proposed merger is to the advantage of the members.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
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