Sec. 92.453.  APPROVAL OF MERGER.  (a)  The secretary of state shall approve the articles of merger if the secretary of state determines that:
(1)  the articles of merger comply with applicable law;  and
(2)  all fees and franchise taxes due from each corporation have been paid.
(b)  The commissioner shall approve the articles of merger if the commissioner determines that:
(1)  the articles of merger comply with applicable law;  and
(2)  the merger is in the best interest of the savings bank.
(c)  On approval of the articles of merger, each approving officer shall:
(1)  endorse on the original and a copy of the articles of merger the word "filed" and the date of the approval;
(2)  file the original and a copy of the articles of merger in the records of the officer's office;  and
(3)  issue and deliver to the savings bank a certificate of merger with an attached copy of the articles of merger.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.