Tex. Ins. Code § 228.155 · Subchapter D. INVESTMENT BY CERTIFIED CAPITAL COMPANIES
COMPUTATION OF AMOUNT OF INVESTMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The aggregate cumulative amount of all qualified investments made by a certified capital company after the company's allocation date shall be considered in the computation of the percentage requirements under this subchapter.
(b) A certified capital company may invest proceeds received from a qualified investment in another qualified investment, and that investment counts toward any requirement of this chapter with respect to investments of certified capital.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1B.001, eff. April 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.228.htm
- Text hash
- sha256 5f38bf2f9393958b36f99ea6baf5180080b79cf902a2770d741d4f0692799bcf
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 228.155. Each shows the citation as that text prints it.
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