Texas § 881.051 AUTHORITY TO ACT AS STATEWIDE MUTUAL ASSESSMENT COMPANY.

Texas Statutes

§ 881.051 — AUTHORITY TO ACT AS STATEWIDE MUTUAL ASSESSMENT COMPANY.

Texas § 881.051

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This text of Texas § 881.051 (AUTHORITY TO ACT AS STATEWIDE MUTUAL ASSESSMENT 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. § 881.051 (2026).

Text

Sec. 881.051. AUTHORITY TO ACT AS STATEWIDE MUTUAL ASSESSMENT COMPANY. A corporation may engage in business as a statewide mutual assessment company only if the corporation:

(1)was incorporated in this state under a law that was amended, repealed, or reenacted before June 20, 1933;

(2)was engaged in business as a statewide mutual assessment company in this state on December 31, 1932;

(3)does not have capital stock; and

(4)is not for profit.

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Sec. 881.051. AUTHORITY TO ACT AS STATEWIDE MUTUAL ASSESSMENT COMPANY. A corporation may engage in business as a statewide mutual assessment company only if the corporation:
(1) was incorporated in this state under a law that was amended, repealed, or reenacted before June 20, 1933;
(2) was engaged in business as a statewide mutual assessment company in this state on December 31, 1932;
(3) does not have capital stock; and
(4) is not for profit.