The rules adopted under this subchapter must specify in detail the procedures that:

1. (1) a credit union must follow to obtain commissioner approval of a merger or consolidation; and
2. (2) the commissioner must follow in approving or disapproving the merger or consolidation.

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.03(a), eff. Sept. 1, 1999.