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RULE §63.9 Fee for Reorganization, Merger, and Consolidation

Published: 2015

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(a) Any association seeking to reorganize, merge, and/or consolidate, pursuant to the Texas Savings and Loan Act, §62.351 or §62.051, and Chapter 69 of this title (relating to Reorganization, Merger, and Consolidation) shall pay to the commissioner, at time of filing its plan, a fee of $2,500 for each financial institution involved in a plan of reorganization, merger and/or consolidation. For each financial institution involved in a plan filed for a purchase and assumption acquisition, a fee of $2,000 shall be paid to the commissioner. No additional fee is required for an interim charter to facilitate a transaction under §§69.1-69.11 of this title (relating to Reorganization, Merger, Consolidation, Acquisition, and Conversion). (b) The fee set forth in subsection (a) of this section shall cover the cost of filing, processing, and hearing, if applicable, with respect to the plan. In addition, such association shall pay the cost of a
formal record, if applicable, any cost incurred by the department in connection with investigation and travel expenses, and the fees required pursuant to §63.6 of this title (relating to Fee for Charter and Bylaw Amendments).

Source Note: The provisions of this §63.9 adopted to be effective October 15, 1977, 2 TexReg 3813; amended to be effective March 31, 1981, 6 TexReg 935; amended to be effective April 16, 1984, 9 TexReg 1881; amended to be effective January 10, 1989, 13 TexReg 6471; amended to be effective November 17, 1995, 20 TexReg 9158.