Tex. Finance Code § 92.454
EFFECT OF MERGER
Texas · Texas Finance Code · Status: effective
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- Citation
- Tex. Finance Code § 92.454, EFFECT OF MERGER, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645643
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Full text
(a) A merger takes effect on the date the last required certificate of merger is issued.
(b) After the merger takes effect:
(1) a corporation that was merged ceases to exist;
(2) the savings bank assumes the rights and obligations of the corporation and owns the property of the corporation; and
(3) the savings bank's articles of incorporation are considered amended to the extent that a change is stated in the plan of merger.