Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 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.
Tex. Fin. Code § 92.259
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.