Texas Finance Code

§ 92.258 — CONTINUATION OF CORPORATE EXISTENCE

FI § 92.258Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part C. SAVINGS BANKS · Ch. 92. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS · Art. F. CONVERSION OF SAVINGS BANK TO OTHER FINANCIAL INSTITUTION

Statute text

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After a savings bank is converted to another financial institution:

(1)the corporate existence of the savings bank continues; and

(2)the new financial institution is considered to be a continuation of the savings bank that was converted.

Legislative history

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