Sec. 62.454.  EFFECT OF MERGER.  (a)  A merger takes effect on the date the last required certificate of merger is issued.
(b)  After the merger takes effect:
(1)  a corporation that was merged ceases to exist;
(2)  the association assumes the rights and obligations of the corporation and owns the property of the association;  and
(3)  the association's articles of incorporation are considered amended to the extent that a change is stated in the plan of merger.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.