Texas Insurance Code
§ 826.057 — RIGHTS OF HOLDER OF SURPLUS NOTES
IN § 826.057Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part B. ORGANIZATION OF REGULATED ENTITIES · Ch. 826. CONVERSION OF MUTUAL INSURANCE COMPANY TO STOCK INSURANCE COMPANY · Art. B. CONVERSION PLAN ADOPTION AND REQUIREMENTS
Statute text
View on sourceA conversion plan must provide that any rights of a holder of a surplus note to participate in the conversion are governed by the terms of the surplus note.
Legislative history
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.