Tex. Ins. Code § 861.154 · Subchapter D. POWERS AND DUTIES OF GENERAL CASUALTY COMPANY
DIVIDENDS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
Except as authorized by Sections 403.001 and 403.051, the directors of a general casualty company may not issue dividends.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.061, eff. April 1, 2009.
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 2f05ab2e153bced0c7866359c65da866a312e860486ed576f6b485cb65c5e856
- 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
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
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.