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Texas Finance Code - Section 92.259. Property And Obligations Of Converted Savings Bank

Legal Research Home > Texas Lawyer > Finance Code > Texas Finance Code - Section 92.259. Property And Obligations Of Converted Savings Bank

§ 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, § 1, eff. Sept. 1, 1997.                   

Last modified: August 10, 2007