Tex. Fin. Code § 122.154 · Subchapter D. MERGER OR CONSOLIDATION

PROPERTY, OBLIGATIONS, AND LIABILITIES OF MERGED OR CONSOLIDATED CREDIT UNION.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

After a merger or consolidation is effected:

(1) the property of the merged or consolidated credit union vests in the surviving credit union without an instrument of transfer or endorsement; and

(2) the obligations and liabilities of the merged or consolidated credit union are assumed by the surviving credit union.

Notes and commentary — not statutory text

History

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Source of truth

Edition: Current through the 89th 2nd Called Legislative Session, 2025
Official file: https://statutes.capitol.texas.gov/Docs/FI/htm/FI.122.htm
Text hash: sha256 8d41be9d1f6afdfe9c3b2cb240f6016a76702458e7f06443786e3e99ef6e2395
Composed by: compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.