A merger, sale of control, or sale of any of the assets of a member association under conservatorship in aid of which money from an account under this chapter has been advanced may be accomplished in the form and by the procedure the board and the commissioner consider appropriate.
Tex. Fin. Code § 273.405
PROCEDURE FOR MERGER, SALE OF CONTROL OF, OR SALE OF ASSETS
Known as the Texas Savings and Loan Supplemental Fund Act
The act spans §§ 273.001 to 273.504 (44 sections).
Acts 1997, 75th Leg., ch. 1008, Sec. 1, 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.