Tex. Finance Code § 62.352

This is the official text of Tex. Finance Code § 62.352, part of Texas’s Finance Code — regulates banks and other financial institutions.

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§ 62.352. CONTINUATION OF CORPORATE EXISTENCE; HOME OFFICE OF SURVIVING ENTITY.

Official statutory text

(a) An entity that results from a reorganization, merger, or consolidation as provided by Section 62.351 has the same incidents as the reorganized, merged, or consolidated entity in the same manner as an entity that has converted under this chapter has the same incidents as the converting entity.

(b) The home office of the association in the proposed merger that possesses the largest assets is the home office of the surviving entity unless the commissioner approves otherwise.

Status: in_force · Read it on the official government site

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