Tex. Ins. Code § 423.101 · Subchapter C. TRANSACTIONS WITH OTHER ASSETS
DEFINITION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
In this subchapter, "clearing corporation" means:
(1) a clearing corporation as defined by Section 8.102(a), Business & Commerce Code; or
(2) a clearance system that:
(A) is organized or operating under the laws of at least one foreign country;
(B) provides for book-entry settlement and custody of internationally traded securities; and
(C) has been organized and in operation for not less than 15 consecutive years.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.423.htm
- Text hash
- sha256 de2dcebf163b566208c66e0996e8451c87a12863784e0497770323eb643e6dd4
- 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
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Business & Commerce Code
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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.