Finance Code § 92.405 — United States — Texas law | Esheria

Finance Code § 92.405

If the commissioner approves a merger or consolidation plan, the commissioner must issue an approving order. A foreign surviving savings bank must also receive a certificate of authority that expires January 31 of the next calendar year. A domestic surviving savings bank must operate under the merging bank’s articles a

Jurisdiction
United States — Texas
Instrument
Code
Version
Undated source snapshot
Language
en
Official source
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bank approvals mergers savings banks

Statute overview

About this statute

If the commissioner approves a merger or consolidation plan, the commissioner must issue an approving order. A foreign surviving savings bank must also receive a certificate of authority that expires January 31 of the next calendar year. A domestic surviving savings bank must operate under the merging bank’s articles and bylaws and the law for domestic savings banks.

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