Texas § 912.803 UNLAWFUL DIVERSION OF FUNDS; CRIMINAL PENALTY.

Texas Statutes

§ 912.803 — UNLAWFUL DIVERSION OF FUNDS; CRIMINAL PENALTY.

Texas § 912.803

Code INInsurance Code

This text of Texas § 912.803 (UNLAWFUL DIVERSION OF FUNDS; CRIMINAL PENALTY.) 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. § 912.803 (2026).

Text

Sec. 912.803. UNLAWFUL DIVERSION OF FUNDS; CRIMINAL PENALTY.

(a)A director, officer, agent, employee, attorney at law, or attorney in fact of a county mutual insurance company commits an offense if the person wilfully borrows, withholds, or diverts from its purpose in any manner all or part of a special fund that:

(1)belongs to or is under the control and management of the company; and

(2)is designated by law for that purpose.

(b)An offense under this section is punishable by imprisonment in the Texas Department of Criminal Justice for a term of not more than 10 years or less than 2 years.

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Sec. 912.803. UNLAWFUL DIVERSION OF FUNDS; CRIMINAL PENALTY. (a) A director, officer, agent, employee, attorney at law, or attorney in fact of a county mutual insurance company commits an offense if the person wilfully borrows, withholds, or diverts from its purpose in any manner all or part of a special fund that:
(1) belongs to or is under the control and management of the company; and
(2) is designated by law for that purpose.
(b) An offense under this section is punishable by imprisonment in the Texas Department of Criminal Justice for a term of not more than 10 years or less than 2 years.

Legislative History

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by: Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969 ), Sec. 25.127, eff. September 1, 2009.