Texas § 829.002 AUTHORITY TO CONVERT THROUGH CREATION OF A MUTUAL HOLDING COMPANY.

Texas Statutes

§ 829.002 — AUTHORITY TO CONVERT THROUGH CREATION OF A MUTUAL HOLDING COMPANY.

Texas § 829.002

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This text of Texas § 829.002 (AUTHORITY TO CONVERT THROUGH CREATION OF A MUTUAL HOLDING COMPANY.) 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. § 829.002 (2026).

Text

Sec. 829.002. AUTHORITY TO CONVERT THROUGH CREATION OF A MUTUAL HOLDING COMPANY.

(a)An exchange may reorganize by converting to a stock insurance company and forming a mutual holding company to hold, directly or indirectly, shares of the resulting company or intermediate holding company in accordance with this chapter.

(b)A converting exchange may not engage in the business of insurance as a stock insurance company until it complies with the requirements of this chapter.

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Sec. 829.002. AUTHORITY TO CONVERT THROUGH CREATION OF A MUTUAL HOLDING COMPANY. (a) An exchange may reorganize by converting to a stock insurance company and forming a mutual holding company to hold, directly or indirectly, shares of the resulting company or intermediate holding company in accordance with this chapter.
(b) A converting exchange may not engage in the business of insurance as a stock insurance company until it complies with the requirements of this chapter.