Tex. Finance Code § 92.307
This is the official text of Tex. Finance Code § 92.307, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 92.307. EFFECT OF CONVERSION ON PENDING LEGAL ACTION.
Official statutory text
(a) A judicial proceeding to which the financial institution that converted is a party is not abated or discontinued by reason of the conversion and may be prosecuted to final judgment, order, or decree as if the conversion had not occurred.
(b) The savings bank may continue a judicial proceeding in its own corporate name. A judgment, order, or decree that might have been rendered for or against the financial institution that converted may be rendered for or against the savings bank.
(b) The savings bank may continue a judicial proceeding in its own corporate name. A judgment, order, or decree that might have been rendered for or against the financial institution that converted may be rendered for or against the savings bank.
Status: in_force · Read it on the official government site
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