Texas Statutes
§ 828.057 — PROHIBITION ON USE OF PURCHASING COMPANY'S CAPITAL, SURPLUS, OR RESERVES.
Texas § 828.057
JurisdictionTexas
Code INInsurance Code
This text of Texas § 828.057 (PROHIBITION ON USE OF PURCHASING COMPANY'S CAPITAL, SURPLUS, OR RESERVES.) 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. § 828.057 (2026).
Text
Sec. 828.057. PROHIBITION ON USE OF PURCHASING COMPANY'S CAPITAL, SURPLUS, OR RESERVES. Amounts actually paid by the purchasing company for the purchase of shares acquired or obtained under this subchapter may not include the minimum capital, minimum surplus, and policy reserves required by law for the purchasing company.
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Legislative History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Nearby Sections
10
§ 828.002
EFFECT ON ANTITRUST LAWS.§ 828.003
INVESTMENTS OF REINSURED COMPANY.§ 828.052
RESOLUTION OF INTENTION TO REINSURE.§ 828.053
MINIMUM STOCK ACQUISITION.§ 828.054
APPROVAL REQUIRED.§ 828.055
RESTRICTIONS ON REINSURED COMPANY.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 828.057, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/828.057.