Texas Insurance Code

§ 861.154 — DIVIDENDS

IN § 861.154Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part D. CASUALTY COMPANIES · Ch. 861. GENERAL CASUALTY COMPANIES · Art. D. POWERS AND DUTIES OF GENERAL CASUALTY COMPANY

Statute text

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Except as authorized by Sections 403.001 and 403.051, the directors of a general casualty company may not issue dividends. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by:

Legislative history

Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.061, eff. April 1, 2009.