(a) A foreign savings and loan association may merge with a domestic savings bank under this subchapter as if the foreign savings and loan association were a foreign savings bank.
(b) If the surviving institution is the foreign savings and loan association, the commissioner shall issue and deliver to the foreign savings and loan association a certificate of authority under Section 92.405 to do business in this state.
(c) In this section, "foreign savings and loan association" means a savings and loan association:
(1) whose principal office is located outside this state; and
(2) that was organized under the law of another state or the law of the United States.