Tex. Ins. Code § 823.202 · Subchapter E. ACQUISITION STATEMENT
CONSIDERATION FOR ACQUISITION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A statement required under Section 823.154 must contain:
(1) the source, nature, and amount of consideration for the acquisition of control;
(2) a description of any transaction from which the consideration for the acquisition of control is obtained; and
(3) the identity of each person providing the consideration.
(b) On request of the person filing the statement, the identity of a commercial lender who in the ordinary course of business provides consideration for the acquisition is confidential.
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.823.htm
- Text hash
- sha256 b7f59cd37b60b593d56c85843f981a027dbf4a10d1ddab468ce7c7b7506e4c2b
- 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
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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.