Tex. Fin. Code § 62.051 · Subchapter B. INCORPORATION TO REORGANIZE OR MERGE

PURPOSE OF INCORPORATION.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

A person may apply to incorporate an association for the purpose of:

(1) purchasing the assets, assuming the liabilities, excluding liability to stockholders, and continuing the business of an association the commissioner considers to be in an unsafe condition; or

(2) acquiring an existing association by merger.

Notes and commentary — not statutory text

History

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Source of truth

Edition: Current through the 89th 2nd Called Legislative Session, 2025
Official file: https://statutes.capitol.texas.gov/Docs/FI/htm/FI.62.htm
Text hash: sha256 09477e9243310074ae1efdf532dd252966bc9e230bc398abfa21474acae416b0
Composed by: compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.