Texas Finance Code

§ 92.305 — CONTINUATION OF CORPORATE EXISTENCE

FI § 92.305Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part C. SAVINGS BANKS · Ch. 92. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS · Art. G. CONVERSION OF OTHER FINANCIAL INSTITUTION TO SAVINGS BANK

Statute text

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After another financial institution is converted to a savings bank:

(1)the corporate existence of the financial institution continues; and

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

Legislative history

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