<<Prev Rule | Texas Administrative Code |
Next Rule>> |
TITLE 7 | BANKING AND SECURITIES |
PART 2 | TEXAS DEPARTMENT OF BANKING |
CHAPTER 21 | TRUST COMPANY CORPORATE ACTIVITIES |
SUBCHAPTER F | APPLICATION FOR MERGER, CONVERSION, OR SALE OF ASSETS |
RULE §21.62 | General |
Without the prior written consent of the banking commissioner, a trust company may not consummate a merger, conversion, sale of assets, purchase of assets, or share exchange. Except as otherwise provided by Finance Code, Chapter 182, Subchapters D-F, or this subchapter, an application must be filed with the banking commissioner for review and consideration of the proposed transaction. |
Source Note: The provisions of this §21.62 adopted to be effective December 31, 1998, 23 TexReg 13033; amended to be effective September 5, 2002, 27 TexReg 8203 |