Texas § 2551.054 PURCHASE OF OWN STOCK.

Texas Statutes

§ 2551.054 — PURCHASE OF OWN STOCK.

Texas § 2551.054

Code INInsurance Code

This text of Texas § 2551.054 (PURCHASE OF OWN STOCK.) 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. § 2551.054 (2026).

Text

Sec. 2551.054. PURCHASE OF OWN STOCK.

(a)Subject to Section 2551.053(a) and the Texas Business Corporation Act, a title insurance company may purchase its own shares of stock. A purchase of its own shares is not considered an investment and does not constitute a violation of a provision of this code relating to admissible investments.

(b)A title insurance company that purchases its own shares must, not later than the 10th day after the date of purchase, file with the commissioner a statement listing:

(1)the name of each shareholder from whom the shares have been purchased; and

(2)the amount paid for the shares.

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

Sec. 2551.054. PURCHASE OF OWN STOCK. (a) Subject to Section 2551.053(a) and the Texas Business Corporation Act, a title insurance company may purchase its own shares of stock. A purchase of its own shares is not considered an investment and does not constitute a violation of a provision of this code relating to admissible investments.
(b) A title insurance company that purchases its own shares must, not later than the 10th day after the date of purchase, file with the commissioner a statement listing:
(1) the name of each shareholder from whom the shares have been purchased; and
(2) the amount paid for the shares.