Insurance Code § 828.055
After a share purchase process starts, the company whose shares are being bought may not buy its own shares, issue new authorized shares, or lend to the buyer or its affiliate unless the commissioner has already approved the investment or loan under Chapter 823.
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
corporate investments loans share purchase restrictions treasury shares
Statute overview
About this statute
This page preserves the statute’s identified version, provision structure, official source link, and stored legal text for reading and research.
Ask AI about this statute
Insurance Code § 828.055
Sign in to ask AI about this statute
Sign in to start authenticated, citation-grounded statute research.
Sign inLexChat organizes source-backed legal information for research. Verify amendments, commencement, and current legal force with the official publisher before relying on it.