Texas § 884.204 COMPANY'S REPURCHASE OF STOCK.

Texas Statutes

§ 884.204 — COMPANY'S REPURCHASE OF STOCK.

Texas § 884.204

Code INInsurance Code

This text of Texas § 884.204 (COMPANY'S REPURCHASE OF 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. § 884.204 (2026).

Text

Sec. 884.204. COMPANY'S REPURCHASE OF STOCK.

(a)Subject to Section 884.202 , a stipulated premium company may purchase in the name of the company outstanding shares of the company's capital stock as provided by the Texas Business Corporation Act.

(b)A purchase of stock under this section is not considered an investment and does not violate the provisions of this code relating to eligible investments for a stipulated premium company.

(c)A stipulated premium company that purchases stock under this section shall file with the department not later than the 10th day after the date of the purchase a statement that contains the name of each shareholder from whom the shares were purchased and the sum of money paid for those shares.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 884.204. COMPANY'S REPURCHASE OF STOCK. (a) Subject to Section 884.202 , a stipulated premium company may purchase in the name of the company outstanding shares of the company's capital stock as provided by the Texas Business Corporation Act.
(b) A purchase of stock under this section is not considered an investment and does not violate the provisions of this code relating to eligible investments for a stipulated premium company.
(c) A stipulated premium company that purchases stock under this section shall file with the department not later than the 10th day after the date of the purchase a statement that contains the name of each shareholder from whom the shares were purchased and the sum of money paid for those shares.