Tex. Ins. Code § 887.452 · Subchapter J. CONVERSION TO LEGAL RESERVE INSURANCE COMPANY
PROPOSAL FOR CONVERSION OR REINSURANCE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
An association's board of directors may determine by majority vote to submit a proposed conversion or reinsurance under Section 887.451 to the members of the association. Before the proposed conversion or reinsurance may be submitted to the members, the board must prepare detailed plans for the conversion or reinsurance and submit the plans to the commissioner.
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 43824cd9e2b466379710f3adfc1128da652466334c571c2906a2110ed3287e4a
- 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
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