Tex. Ins. Code § 829.002 · Subchapter A. GENERAL PROVISIONS
AUTHORITY TO CONVERT THROUGH CREATION OF A MUTUAL HOLDING COMPANY.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An exchange may reorganize by converting to a stock insurance company and forming a mutual holding company to hold, directly or indirectly, shares of the resulting company or intermediate holding company in accordance with this chapter.
(b) A converting exchange may not engage in the business of insurance as a stock insurance company until it complies with the requirements of this chapter.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 412 (S.B. 1056), Sec. 1, eff. June 15, 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.829.htm
- Text hash
- sha256 07a9ce91f83b5ac2066cdceef85384949de965afd32429cee03ad526430e7f20
- 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
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.