Texas § 824.002 PROCEDURES; APPLICABILITY OF TEXAS BUSINESS CORPORATION ACT.

Texas Statutes

§ 824.002 — PROCEDURES; APPLICABILITY OF TEXAS BUSINESS CORPORATION ACT.

Texas § 824.002

Code INInsurance Code

This text of Texas § 824.002 (PROCEDURES; APPLICABILITY OF TEXAS BUSINESS CORPORATION ACT.) 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. § 824.002 (2026).

Text

Sec. 824.002. PROCEDURES; APPLICABILITY OF TEXAS BUSINESS CORPORATION ACT.

(a)To the extent that the provisions of the Texas Business Corporation Act are not inconsistent with the provisions of this code, the Texas Business Corporation Act governs:

(1)the procedures for a merger or consolidation under this chapter;

(2)the effect of a merger or consolidation under this chapter; and

(3)the rights and duties of creditors, shareholders, and the corporations that are involved in a merger or consolidation under this chapter.

(b)To the extent that the Texas Business Corporation Act applies under this chapter to insurance corporations, the commissioner shall perform each duty, exercise each power, and perform each act vested in, required of, or to be performed by the secretary of state under

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Sec. 824.002. PROCEDURES; APPLICABILITY OF TEXAS BUSINESS CORPORATION ACT. (a) To the extent that the provisions of the Texas Business Corporation Act are not inconsistent with the provisions of this code, the Texas Business Corporation Act governs:
(1) the procedures for a merger or consolidation under this chapter;
(2) the effect of a merger or consolidation under this chapter; and
(3) the rights and duties of creditors, shareholders, and the corporations that are involved in a merger or consolidation under this chapter.
(b) To the extent that the Texas Business Corporation Act applies under this chapter to insurance corporations, the commissioner shall perform each duty, exercise each power, and perform each act vested in, required of, or to be performed by the secretary of state under the Texas Business Corporation Act.