Tex. Fin. Code § 62.254 – Applicability of Subtitle to Converted Association | Midpage

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Texas Statutes

§ 62.254

Tex. Fin. Code § 62.254

Applicability of Subtitle to Converted Association

Effective Sep 1, 1997Acts 1997, 75th Leg., ch. 1008

(a) To the extent applicable, this subtitle applies to an association incorporated under this subchapter.
(b) An association incorporated under this subchapter:
1. (1) is a continuation of the entity that was converted; and
2. (2) has the property and rights of that entity.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.