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.
Tex. Fin. Code § 92.305
CONTINUATION OF CORPORATE EXISTENCE
Known as the Texas Savings Bank Act
The act spans §§ 91–119 (255 sections).
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.