Texas Finance Code

§ 62.306 — CONTINUATION OF CORPORATE EXISTENCE

FI § 62.306Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part B. SAVINGS AND LOAN ASSOCIATIONS · Ch. 62. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS · Art. G. CONVERSION OF ASSOCIATION TO STATE OR NATIONAL BANK OR STATE OR FEDERAL SAVINGS BANK

Statute text

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After an association is converted to a bank or savings bank:

(1)the corporate existence of the association continues; and

(2)the bank or savings bank is considered to be a continuation of the association that was converted.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.