Tex. Fin. Code § 92.454 · Subchapter J. MERGER OF SUBSIDIARY CORPORATION
EFFECT OF MERGER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A merger takes effect on the date the last required certificate of merger is issued.
(b) After the merger takes effect:
(1) a corporation that was merged ceases to exist;
(2) the savings bank assumes the rights and obligations of the corporation and owns the property of the corporation; and
(3) the savings bank's articles of incorporation are considered amended to the extent that a change is stated in the plan of merger.
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.92.htm
- Text hash
- sha256 3261a3c405c0e9ef18d4f116fc8f1580a77aae49138593db6c3200c11ec4f78d
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Fin. Code § 92.454. Each shows the citation as that text prints it.
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.