Texas Finance Code - FIN § 62.209. Property and Obligations of Converted Association

(a) The property of an association converted to a federal association immediately by operation of law vests in the federal association.

(b) The federal association:

(c) A pending judicial proceeding to which the association that was converted is a party is not abated or discontinued by reason of the conversion and may be prosecuted to final judgment, order, or decree as if the conversion had not occurred.

(d) The federal association may continue a judicial proceeding in its own corporate name.  A judgment, order, or decree that might have been rendered for or against the association that was converted may be rendered for or against the federal association.

(e) In this section, “property” includes the right, title, and interest in and to property, including things in action, and each right, privilege, interest, and asset that exists or inures.