<<Prev Rule

Texas Administrative Code

Next Rule>>
TITLE 7BANKING AND SECURITIES
PART 2TEXAS DEPARTMENT OF BANKING
CHAPTER 21TRUST COMPANY CORPORATE ACTIVITIES
SUBCHAPTER FAPPLICATION FOR MERGER, CONVERSION, OR SALE OF ASSETS
RULE §21.62General

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

Link to Texas Secretary of State Home Page | link to Texas Register home page | link to Texas Administrative Code home page | link to Open Meetings home page