In determining whether to approve or disapprove the merger or consolidation, the commissioner shall consider the availability and adequacy of financial services in the local community and the effect that the merger or consolidation would have on the local community. The commission by rule shall establish other appropriate criteria that the commissioner must consider in making the determination.
Tex. Fin. Code § 122.1531
CONSIDERATIONS IN DETERMINATION
Known as the Texas Credit Union Act
The act spans §§ 121–149 (219 sections).
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.03(a), eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.