Tex. Ins. Code Section 825.103
Distribution of Dividends


After conversion, the converting company shall annually distribute among its policyholders, under terms approved by the commissioner, dividends or earnings accruing to the converting company as the result of the acquisition of shares of the converting company’s stock under this chapter.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Source: Section 825.103 — Distribution of Dividends, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­825.­htm#825.­103 (accessed Jun. 5, 2024).

Accessed:
Jun. 5, 2024

§ 825.103’s source at texas​.gov