Texas Insurance Code

§ 961.206 — ADVANCE TO CORPORATION

IN § 961.206Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part H. OTHER ENTITIES · Ch. 961. NONPROFIT LEGAL SERVICES CORPORATIONS · Art. E. OPERATION OF NONPROFIT LEGAL SERVICES CORPORATIONS

Statute text

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Any person may advance to a nonprofit legal services corporation, on a contingent liability basis, money necessary for the purposes of the corporation's business or to comply with this chapter. The advance may be made in an amount and at a rate of interest agreed to by the person and the corporation. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by:

Legislative history

Acts 2019, 86th Leg., R.S., Ch. 643 (S.B. 1623), Sec. 10, eff. September 1, 2019.