Sec. 92.355. CONTINUATION OF CORPORATE EXISTENCE; HOME OFFICE OF SURVIVING ENTITY. (a) An entity that results from a reorganization, merger, or consolidation as provided by Section 92.351 has the property rights and obligations of the reorganized, merged, or consolidated entity in the same manner as an entity that results from the conversion of a savings bank under this chapter has the property rights and obligations of the savings bank.
(b) The home office of the surviving financial institution is the home office of the financial institution in the merger that has the largest assets unless the commissioner approves a different home office.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 92 - Organizational and Financial Requirements
Subchapter H. Reorganization, Merger, and Consolidation in General
Section 92.351. Authority to Reorganize, Merge, or Consolidate
Section 92.352. Notice and Hearing; Confidentiality
Section 92.353. Denial by Commissioner of Plan
Section 92.354. Alternative or Additional Procedures
Section 92.355. Continuation of Corporate Existence; Home Office of Surviving Entity