Section 92.351 - Authority to Reorganize, Merge, or Consolidate(a) A savings bank may reorganize, merge, or consolidate with a corporation, another financial institution, or another entity under a plan adopted by the board.(b) The plan must be approved:(1) at an annual meeting or a special meeting called to consider the action by a majority of the total vote the members or shareholders are entitled to cast; and(c) A shareholder of a capital stock savings bank has the same dissenter's rights as a shareholder of a domestic corporation under the Texas Business Corporation Act.(d) A reorganization, merger, or consolidation is subject to Section 16, Article XVI, Texas Constitution. A merger or consolidation of a domestic savings bank with a foreign savings bank is also subject to Subchapter I.Amended By Acts 2005, 79th Leg., Ch. 1018, Sec. 5.14, eff. 9/1/2005. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.