Tex. Ins. Code § 887.065 · Subchapter B. GENERAL POWERS AND DUTIES; OFFICERS AND DIRECTORS
MERGER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An association may not merge with another association without the advance approval of the department.
(b) The department may grant approval under Subsection (a) only after the department:
(1) completely investigates the facts; and
(2) determines that the proposed merger is to the advantage of the members.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.887.htm
- Text hash
- sha256 a2f7857ea587589bc1c7101cc2dbd9fea8536e93eb01721342dc6884b8154eee
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 887.065. Each shows the citation as that text prints it.
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.