The board of directors of the foreign association must adopt the merger or consolidation plan.
Tex. Fin. Code § 62.402
ADOPTION OF MERGER OR CONSOLIDATION PLAN
Known as the Texas Savings and Loan Act
The act spans §§ 61–89 (217 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.