Property and Obligations of Converted Savings Bank

Sec. 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. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. SUBCHAPTER G. CONVERSION OF OTHER FINANCIAL INSTITUTION TO SAVINGS BANK