Tex. Finance Code § 62.454
This is the official text of Tex. Finance Code § 62.454, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 62.454. EFFECT OF MERGER.
Official statutory text
(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 association assumes the rights and obligations of the corporation and owns the property of the association; and
(3) the association's articles of incorporation are considered amended to the extent that a change is stated in the plan of merger.
(b) After the merger takes effect:
(1) a corporation that was merged ceases to exist;
(2) the association assumes the rights and obligations of the corporation and owns the property of the association; and
(3) the association's articles of incorporation are considered amended to the extent that a change is stated in the plan of merger.
Status: in_force · Read it on the official government site
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