Tex. Ins. Code § 2602.207 · Subchapter E. ASSESSMENTS
ACCOUNTING; REPORTS; REFUND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The association shall adopt accounting procedures to show how money received from assessments or partial assessments is used.
(b) The association shall make interim accounting reports as the commissioner requires.
(c) The association shall make a final report to the commissioner showing how money received from assessments or partial assessments has been used, including a statement of any final balance of that money. As soon as practicable after completion of the final report, the association shall refund the remaining balance to the holders of participation receipts as required by Section 2602.206(b).
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2602.htm
- Text hash
- sha256 1d0c0c820202ff3d2b32a54af51535856f8aaf1a8fa54e3eed73ab39c3db04cc
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.