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Home > Title 7 > Part 2 > Chapter 21 >Subchapter F > Rule 21.62
TITLE 7 - BANKING AND SECURITIES
PART 2 - TEXAS DEPARTMENT OF BANKING
CHAPTER 21 - TRUST COMPANY CORPORATE ACTIVITIES
SUBCHAPTER F - APPLICATION FOR MERGER, CONVERSION, OR SALE OF ASSETS
SECTION/RULE §21.62 - General
Chapter Review Date 08/18/2023

Without the prior written consent of the banking commissioner, a trust company may not consummate a merger, conversion, sale of assets, purchase of assets, or share exchange. Except as otherwise provided by Finance Code, Chapter 182, Subchapters D-F, or this subchapter, an application must be filed with the banking commissioner for review and consideration of the proposed transaction.

Source Note: The provisions of this §21.62 adopted to be effective December 31, 1998, 23 TexReg 13033; amended to be effective September 5, 2002, 27 TexReg 8203.

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