Sec. 861.054. SUBSCRIPTION OF STOCK. The incorporators shall:
(1) open books for the subscription of stock in the general casualty company at the times and places the incorporators consider convenient and proper; and
(2) keep the books open until the full amount specified in the articles of incorporation is subscribed.
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 D - Casualty Companies
Chapter 861 - General Casualty Companies
Subchapter B. Formation and Structure of General Casualty Company
Section 861.051. Formation of Company Authorized
Section 861.052. Articles of Incorporation; Filing and Recording Requirement
Section 861.053. Preliminary Officers and Directors