{"data":{"id":"us-tx/tex.-finance-code-122.154","jurisdiction":"us-tx","citation":"Tex. Finance Code § 122.154","heading":"PROPERTY, OBLIGATIONS, AND LIABILITIES OF MERGED OR CONSOLIDATED CREDIT UNION.","body":"After a merger or consolidation is effected:\n(1) the property of the merged or consolidated credit union vests in the surviving credit union without an instrument of transfer or endorsement; and\n(2) the obligations and liabilities of the merged or consolidated credit union are assumed by the surviving credit union.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE D. CREDIT UNIONS","CHAPTER 122. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS","SUBCHAPTER D. MERGER OR CONSOLIDATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.122.htm#122.154","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"f4da82644c424e9af3b8a1bbcb3d687d9b6890ff64c912f1eb04768ef88e4d57","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-122.1531","next":"us-tx/tex.-finance-code-122.155"},"notice":"GroundRules: Original legal text. Not legal advice."}