{"data":{"id":"us-tx/tex.-finance-code-92.407","jurisdiction":"us-tx","citation":"Tex. Finance Code § 92.407","heading":"MERGER OF FOREIGN SAVINGS AND LOAN ASSOCIATION.","body":"(a) A foreign savings and loan association may merge with a domestic savings bank under this subchapter as if the foreign savings and loan association were a foreign savings bank.\n(b) If the surviving institution is the foreign savings and loan association, the commissioner shall issue and deliver to the foreign savings and loan association a certificate of authority under Section 92.405 to do business in this state.\n(c) In this section, \"foreign savings and loan association\" means a savings and loan association:\n(1) whose principal office is located outside this state; and\n(2) that was organized under the law of another state or the law of the United States.\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#92.407","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"47de6f9348f89709da499a9c53a350b85f5af6b7e74aa4c075a43c53dfac3d6c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-92.406","next":"us-tx/tex.-finance-code-92.451"},"notice":"GroundRules: Original legal text. Not legal advice."}