Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 62.453 - Approval of Merger(a) The secretary of state shall approve the articles of merger if the secretary of state determines that:(1) the articles of merger comply with applicable law; and(2) all fees and franchise taxes due from each corporation have been paid.(b) The commissioner shall approve the articles of merger if the commissioner determines that: (1) the articles of merger comply with applicable law; and(2) the merger is in the best interest of the association.(c) On approval of the articles of merger, each approving officer shall:(1) endorse on the original and copy of the articles of merger the word "filed" and the date of the approval;(2) file the original articles of merger in the records of the officer's office; and(3) issue and deliver to the association a certificate of merger with an attached copy of the articles of merger. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.