Sec. 92.407.  MERGER OF FOREIGN SAVINGS AND LOAN ASSOCIATION.  (a)  A foreign savings and loan association may merge with a domestic savings bank under this subchapter as if the foreign savings and loan association were a foreign savings bank.
(b)  If the surviving institution is the foreign savings and loan association, the commissioner shall issue and deliver to the foreign savings and loan association a certificate of authority under Section 92.405 to do business in this state.
(c)  In this section, "foreign savings and loan association" means a savings and loan association:
(1)  whose principal office is located outside this state;  and
(2)  that was organized under the law of another state or the law of the United States.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.