Texas § 228.102 QUALIFICATION.

Texas Statutes

§ 228.102 — QUALIFICATION.

Texas § 228.102

Code INInsurance Code

This text of Texas § 228.102 (QUALIFICATION.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 228.102 (2026).

Text

Sec. 228.102. QUALIFICATION. To qualify as a certified capital company:

(1)the applicant must have, at the time of application for certification, an equity capitalization of at least $500,000 in unencumbered cash or cash equivalents;

(2)at least two principals or persons employed to manage the funds of the applicant must have at least four years of experience in the venture capital industry; and

(3)the applicant must satisfy any additional requirement imposed by the comptroller by rule.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 228.102. QUALIFICATION. To qualify as a certified capital company:
(1) the applicant must have, at the time of application for certification, an equity capitalization of at least $500,000 in unencumbered cash or cash equivalents;
(2) at least two principals or persons employed to manage the funds of the applicant must have at least four years of experience in the venture capital industry; and
(3) the applicant must satisfy any additional requirement imposed by the comptroller by rule.