Tex. Ins. Code § 887.307 · Subchapter G. ASSESSMENTS AND REVENUE
REVENUE OF ASSOCIATION; DEPOSIT.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The revenue of an association must be derived from:
(1) membership fees; and
(2) assessments.
(b) Not later than the fifth day after the date an association collects revenue, the association shall deposit the revenue in a state or national bank.
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.887.htm
- Text hash
- sha256 df1efbca1ae171c8bf9d213534d028b8d9e63c7ef5451053e22ef0b4defd3fef
- 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.