Sec. 406.005. DURATION OF DEPOSIT. Subject to Section 406.006, the comptroller shall hold a deposit required under this chapter until the commissioner issues a written order finding that the condition for which the deposit was required no longer exists.
Added by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1C.001, eff. April 1, 2009.
Structure Texas Statutes
Title 4 - Regulation of Solvency
Subtitle A - General Provisions
Chapter 406 - Special Deposits Required Under Potentially Hazardous Conditions
Section 406.002. Applicability of Chapter
Section 406.003. Required Deposit: Standards and Criteria
Section 406.004. Required Deposit: Form of Security
Section 406.005. Duration of Deposit