{"data":{"id":"us-tx/tex.-finance-code-92.405","jurisdiction":"us-tx","citation":"Tex. Finance Code § 92.405","heading":"APPROVAL BY COMMISSIONER OF PLAN.","body":"(a) If the commissioner approves the plan of merger or consolidation, the commissioner shall issue an order approving the merger or consolidation.\n(b) If the surviving savings bank is a foreign savings bank, the commissioner shall issue and deliver to the surviving savings bank a certificate of authority to do business as a savings bank in this state for a period that expires January 31 of the next calendar year.\n(c) A surviving savings bank that is a domestic savings bank shall operate under:\n(1) the articles and bylaws of the merging or consolidating domestic savings bank; and\n(2) the law applicable to a domestic savings bank.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE C. SAVINGS BANKS","CHAPTER 92. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS","SUBCHAPTER I. ADDITIONAL PROVISIONS FOR MERGER OR CONSOLIDATION OF FOREIGN AND DOMESTIC SAVINGS BANKS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.92.htm#92.405","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"c151cfe97a8f80a4101dc8fd5f6a20456f7679e2e9ed4f61a29b76bd1e03c43c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-92.404","next":"us-tx/tex.-finance-code-92.406"},"notice":"GroundRules: Original legal text. Not legal advice."}