Texas Statutes
§ 884.203 — PUBLIC OFFERING OF CAPITAL STOCK.
Texas § 884.203
JurisdictionTexas
Code INInsurance Code
This text of Texas § 884.203 (PUBLIC OFFERING OF CAPITAL STOCK.) 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. § 884.203 (2026).
Text
Sec. 884.203. PUBLIC OFFERING OF CAPITAL STOCK. A stipulated premium company may not make to the public an offering that is subject to The Securities Act (Title 12, Government Code), of any of its capital stock before the company possesses:
(1)capital in an amount of at least $100,000; and
(2)unencumbered surplus in an amount of at least $100,000.
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Legislative History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171 ), Sec. 2.35, eff. January 1, 2022.
Nearby Sections
15
§ 884.001
DEFINITION.§ 884.003
ADMITTED ASSETS.§ 884.051
FORMATION OF COMPANY.§ 884.052
ARTICLES OF INCORPORATION.§ 884.053
COMPANY'S NAME.§ 884.055
SHARES OF STOCK.§ 884.056
APPLICATION FOR CHARTER.§ 884.058
EXAMINATION AFTER DETERMINATION.§ 884.059
ACTION ON APPLICATION.§ 884.060
BEGINNING OF CORPORATE EXISTENCE.§ 884.061
ORGANIZATIONAL MEETING.§ 884.101
SCHEDULE OF ASSETS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 884.203, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/884.203.