Texas Statutes
§ 887.502 — AUTHORIZATION TO CONVERT.
Texas § 887.502
JurisdictionTexas
Code INInsurance Code
This text of Texas § 887.502 (AUTHORIZATION TO CONVERT.) 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. § 887.502 (2026).
Text
Sec. 887.502. AUTHORIZATION TO CONVERT. An association may convert to a stock legal reserve life insurance company if the association:
(1)has at least $100,000 in the association's mortuary fund at the time of conversion; and
(2)except as provided by Section 887.508 , possesses:
(A)capital in an amount equal to at least $700,000 cash; and
(B)surplus in an amount equal to at least $700,000 cash.
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Legislative History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Nearby Sections
15
§ 887.001
DEFINITIONS.§ 887.002
PURPOSE.§ 887.003
APPLICABILITY OF CHAPTER.§ 887.006
CONSTRUCTION.§ 887.007
DEPOSIT OF FEES.§ 887.009
RULES.§ 887.051
BYLAWS.§ 887.052
AMENDMENT OF BYLAWS.§ 887.053
IMMUNITY.§ 887.054
FINANCIAL OFFICER; BOND.§ 887.056
RECOVERY ON BOND.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 887.502, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/887.502.