Texas § FI.92.306 - PROPERTY AND OBLIGATIONS OF CONVERTED INSTITUTION
Full text of Texas The Texas Constitution § FI.92.306 — PROPERTY AND OBLIGATIONS OF CONVERTED INSTITUTION, with citation guidance and answers to common questions.
§ FI.92.306. PROPERTY AND OBLIGATIONS OF CONVERTED INSTITUTION
PROPERTY AND OBLIGATIONS OF CONVERTED INSTITUTION. (a) The property of another financial institution that converts to a savings bank vests in the savings bank. (b) The savings bank: (1) holds the property in its own right to the extent the property was held by the financial institution that was converted; and (2) on the date the conversion takes effect, succeeds to the rights, obligations, and relations of the financial institution that was converted. (c) In this section, the property of a financial institution includes each right, title, or interest of the institution in and to property, including things in action, and each right, privilege, interest, or asset of the institution that exists or that inures to the benefit of the institution. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.92.306
What does The Texas Constitution § FI.92.306 cover?
Section FI.92.306 ("PROPERTY AND OBLIGATIONS OF CONVERTED INSTITUTION") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.92.306?
A common citation format is "The Texas Constitution § FI.92.306" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.92.306 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.