Texas § 826.202 COMMISSIONER POWERS AND DUTIES; APPROVAL.

Texas Statutes

§ 826.202 — COMMISSIONER POWERS AND DUTIES; APPROVAL.

Texas § 826.202

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Bluebook

Tex. Insurance Code Code Ann. § 826.202 (2026).

Text

Sec. 826.202. COMMISSIONER POWERS AND DUTIES; APPROVAL.

(a)The commissioner shall review the proposed plan of reorganization as an alternate conversion plan under Section 826.061 . The commissioner may require as a condition of approval modifications of the proposed plan of reorganization that the commissioner determines necessary to protect the members' interests.

(b)The commissioner may retain a qualified expert as provided by Section 826.102 (e).

(c)The commissioner has jurisdiction over a mutual holding company organized under this subchapter to ensure that member interests are protected.

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Sec. 826.202. COMMISSIONER POWERS AND DUTIES; APPROVAL. (a) The commissioner shall review the proposed plan of reorganization as an alternate conversion plan under Section 826.061 . The commissioner may require as a condition of approval modifications of the proposed plan of reorganization that the commissioner determines necessary to protect the members' interests.
(b) The commissioner may retain a qualified expert as provided by Section 826.102 (e).
(c) The commissioner has jurisdiction over a mutual holding company organized under this subchapter to ensure that member interests are protected.