{"data":{"id":"us-tx/tex.-finance-code-62.454","jurisdiction":"us-tx","citation":"Tex. Finance Code § 62.454","heading":"EFFECT OF MERGER.","body":"(a) A merger takes effect on the date the last required certificate of merger is issued.\n(b) After the merger takes effect:\n(1) a corporation that was merged ceases to exist;\n(2) the association assumes the rights and obligations of the corporation and owns the property of the association; and\n(3) the association's articles of incorporation are considered amended to the extent that a change is stated in the plan of merger.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE B. SAVINGS AND LOAN ASSOCIATIONS","CHAPTER 62. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS","SUBCHAPTER J. MERGER OF SUBSIDIARY CORPORATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.62.htm#62.454","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"c16dc1aeff7e74e818275bbcb2b08587666a42ac3690f56167c1fddbcf1fe67b","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-62.453","next":"us-tx/tex.-finance-code-62.455"},"notice":"GroundRules: Original legal text. Not legal advice."}