Tex. Ins. Code Section 402.052
Acquisitions and Dispositions Subject to Chapter

(a)

An asset acquisition subject to this chapter includes a purchase, lease, exchange, merger, consolidation, succession, or other acquisition of assets, except the construction or development of real property by or for the reporting insurer or health maintenance organization or the acquisition of materials for that purpose.

(b)

An asset disposition subject to this chapter includes a sale, lease, exchange, merger, consolidation, mortgage, hypothecation, assignment, whether for the benefit of a creditor or otherwise, abandonment, destruction, or other disposition of assets.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.

Source: Section 402.052 — Acquisitions and Dispositions Subject to Chapter, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­402.­htm#402.­052 (accessed May 18, 2024).

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Accessed:
May 18, 2024

§ 402.052’s source at texas​.gov