Texas § 228.108 OFFERING MATERIAL USED BY CERTIFIED CAPITAL COMPANY.

Texas Statutes

§ 228.108 — OFFERING MATERIAL USED BY CERTIFIED CAPITAL COMPANY.

Texas § 228.108

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 228.108 (2026).

Text

Sec. 228.108. OFFERING MATERIAL USED BY CERTIFIED CAPITAL COMPANY. Any offering material involving the sale of securities of the certified capital company must include the following statement:
By authorizing the formation of a certified capital company, the State of Texas does not endorse the quality of management or the potential for earnings of the company and is not liable for damages or losses to a certified investor in the company. Use of the word "certified" in an offering does not constitute a recommendation or endorsement of the investment by the comptroller of public accounts. If applicable provisions of law are violated, the State of Texas may require forfeiture of unused premium tax credits and repayments of used premium tax credits.
SUBCHAPTER D. INVESTMENT BY CERTIFIED CAPITAL

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Sec. 228.108. OFFERING MATERIAL USED BY CERTIFIED CAPITAL COMPANY. Any offering material involving the sale of securities of the certified capital company must include the following statement:
By authorizing the formation of a certified capital company, the State of Texas does not endorse the quality of management or the potential for earnings of the company and is not liable for damages or losses to a certified investor in the company. Use of the word "certified" in an offering does not constitute a recommendation or endorsement of the investment by the comptroller of public accounts. If applicable provisions of law are violated, the State of Texas may require forfeiture of unused premium tax credits and repayments of used premium tax credits.
SUBCHAPTER D. INVESTMENT BY CERTIFIED CAPITAL COMPANIES