(a) If the commissioner approves the plan of merger or consolidation, the commissioner shall issue an order approving the merger or consolidation.
(b) If the surviving association is a foreign association, the commissioner shall issue and deliver to the surviving association a certificate of authority to do business as an association in this state for the period expiring on January 31 of the next calendar year.
(c) A surviving association that is a domestic association shall operate under:
(1) the articles and bylaws of the merging or consolidating domestic association; and
(2) the laws applicable to a domestic association.
Official text of the Texas Finance Code as published by the Texas Legislative Council.