Texas Statutes
Subchapter F. Conversion of Savings Bank to Other Financial Institution
Section 92.259. Property and Obligations of Converted Savings Bank

Sec. 92.259. PROPERTY AND OBLIGATIONS OF CONVERTED SAVINGS BANK. 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.

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