Tex. Ins. Code § 861.054 · Subchapter B. FORMATION AND STRUCTURE OF GENERAL CASUALTY COMPANY

SUBSCRIPTION OF STOCK.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

The incorporators shall:

(1) open books for the subscription of stock in the general casualty company at the times and places the incorporators consider convenient and proper; and

(2) keep the books open until the full amount specified in the articles of incorporation is subscribed.

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.861.htm
Text hash: sha256 c225a628c7171dd2645d8516901aff55a81f569f02c7fdd89fff6b4a9a065db5
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.