Texas Statutes (Last Updated: January 4, 2014) |
FINANCE CODE |
Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES |
Subtitle C. SAVINGS BANKS |
Chapter 92. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS |
Subchapter F. CONVERSION OF SAVINGS BANK TO OTHER FINANCIAL INSTITUTION |
Sec. 92.258. CONTINUATION OF CORPORATE EXISTENCE
Latest version.
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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.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.