Texas Finance Code 62.352 – Continuation of Corporate Existence; Home Office of Surviving Entity
Current as of: 2024 | Check for updates
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(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.
Terms Used In Texas Finance Code 62.352
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.