Texas Statutes

§ 92.407 — MERGER OF FOREIGN SAVINGS AND LOAN ASSOCIATION.

Texas § 92.407
JurisdictionTexas
Code FIFinance Code

This text of Texas § 92.407 (MERGER OF FOREIGN SAVINGS AND LOAN ASSOCIATION.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Tex. Finance Code Code Ann. § 92.407 (2026).

Text

Sec. 92.407. MERGER OF FOREIGN SAVINGS AND LOAN ASSOCIATION.

(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. SUBCHAPTER J. MERGER OF SUBSIDIARY CORPORATION

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Legislative History

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

Nearby Sections

15
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Bluebook (online)
Texas § 92.407, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/92.407.