Sec. 825.053. STOCK ACQUISITION PLAN APPROVAL. A policyholders' meeting for approval of a stock acquisition plan may not be called until Sections 825.051(a)(1) and (2) are satisfied.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle B - Organization of Regulated Entities
Chapter 825 - Conversion of Stock Insurance Company to Mutual Insurance Company
Subchapter B. Stock Acquisition Plan
Section 825.051. Contents of Stock Acquisition Plan
Section 825.052. Sufficient Assets Required
Section 825.053. Stock Acquisition Plan Approval
Section 825.054. Policyholder Eligibility