GroundRules
Tex. Finance Code § 92.259: PROPERTY AND OBLIGATIONS OF CONVERTED SAVINGS BANK.
Where this section sits in the code
- FINANCE CODE
- TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
- SUBTITLE C. SAVINGS BANKS
- CHAPTER 92. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS
- SUBCHAPTER F. CONVERSION OF SAVINGS BANK TO OTHER FINANCIAL INSTITUTION
The new financial institution:
(1) retains any property, right, or obligation of the converted savings bank; and
(2) to the extent the provisions can be made applicable, is subject to Sections 92.306-92.308 as if it were a new savings bank.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Collected 2026-08-27T01:47:13Z. Source file · JSON