Tex. Ins. Code § 881.051 · Subchapter B. STRUCTURE AND OPERATION OF STATEWIDE MUTUAL ASSESSMENT COMPANIES
AUTHORITY TO ACT AS STATEWIDE MUTUAL ASSESSMENT COMPANY.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
A corporation may engage in business as a statewide mutual assessment company only if the corporation:
(1) was incorporated in this state under a law that was amended, repealed, or reenacted before June 20, 1933;
(2) was engaged in business as a statewide mutual assessment company in this state on December 31, 1932;
(3) does not have capital stock; and
(4) is not for profit.
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.881.htm
- Text hash
- sha256 3e6147bd973e9046aa937f1f0f72e901ac33955f6cb5811c8e476316fe44d71d
- 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.