Texas Finance Code 92.452 – Articles of Merger
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(a) The articles of merger must:
(1) be executed by the president or vice president and a secretary or assistant secretary of the savings bank and each corporation; and
(2) include:
(A) the name of the savings bank and each corporation;
(B) a copy of the resolution of the savings bank and each corporation adopting the plan of merger;
(C) a statement of the number of shares of each class issued or authorized by each corporation;
(D) a statement that all capital stock of each corporation is owned by the savings bank; and
(E) a statement incorporating the provisions of Section 92.454(b).
(b) The original and a copy of the articles of merger must be submitted to the secretary of state and the commissioner.
Terms Used In Texas Finance Code 92.452
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.