Texas § 92.454 EFFECT OF MERGER.

Texas Statutes

§ 92.454 — EFFECT OF MERGER.

Texas § 92.454

Code FIFinance Code

This text of Texas § 92.454 (EFFECT OF MERGER.) 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. § 92.454 (2026).

Text

Sec. 92.454. EFFECT OF MERGER.

(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.

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Sec. 92.454. EFFECT OF MERGER. (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.