Insurance Code § 881.052 — United States — Texas law | Esheria

Insurance Code § 881.052

A statewide mutual assessment company is generally subject to the Texas Non-Profit Corporation Act unless that Act conflicts with this code; the commissioner also has the secretary of state’s powers and duties for these companies, and the company may pay dividends to members only with advance approval from the commissi

Jurisdiction
United States — Texas
Instrument
Code
Version
Undated source snapshot
Language
en
Official source
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corporate governance dividends regulatory authority

Statute overview

About this statute

A statewide mutual assessment company is generally subject to the Texas Non-Profit Corporation Act unless that Act conflicts with this code; the commissioner also has the secretary of state’s powers and duties for these companies, and the company may pay dividends to members only with advance approval from the commissioner.

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