Sec. 887.065.  MERGER.  (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.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.