Tex. Ins. Code § 822.157 · Subchapter D. MANAGEMENT OF COMPANY
ACTION BY COMMISSIONER AFTER FILING OF APPLICATION FOR CHARTER AMENDMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioner may hold a hearing on an application for a charter amendment. If the commissioner determines to hold a hearing on the application, the commissioner, after the items required for the charter amendment are filed with the commissioner, shall set a date for the hearing and publish notice of the hearing in one or more daily newspapers of this state.
(b) The commissioner may not require a hearing for an amendment relating to one or more of the following issues:
(1) a stock dividend resulting from a legal transfer of surplus to capital;
(2) a change in the name of the insurance company; or
(3) a change in the location of the insurance company's principal business office.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.822.htm
- Text hash
- sha256 360e66ec27238ab7eddcb9ab90d1f5650326a86f2418adaf5932074b2d58b523
- 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 3 provisions
Provisions in this library whose text cites Tex. Ins. Code § 822.157. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 36.106WAIVER OF CERTAIN NOTICE REQUIREMENTS.Printed as Section 822.059, 822.157, 841.060, or 884.058
- Tex. Ins. Code § 862.151REDUCTION OF CAPITAL STOCK AND PAR VALUE OF SHARES.Printed as Sections 822.157 and 822.158
- Tex. Ins. Code § 862.154CREATION AND DISPOSAL OF NEW STOCK.Printed as Sections 822.155, 822.157, and 822.158
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.