Tex. Ins. Code Section 829.002
Authority to Convert Through Creation of a Mutual Holding Company

(a)

An exchange may reorganize by converting to a stock insurance company and forming a mutual holding company to hold, directly or indirectly, shares of the resulting company or intermediate holding company in accordance with this chapter.

(b)

A converting exchange may not engage in the business of insurance as a stock insurance company until it complies with the requirements of this chapter.
Added by Acts 2007, 80th Leg., R.S., Ch. 412 (S.B. 1056), Sec. 1, eff. June 15, 2007.

Source: Section 829.002 — Authority to Convert Through Creation of a Mutual Holding Company, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­829.­htm#829.­002 (accessed May 11, 2024).

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Accessed:
May 11, 2024

§ 829.002’s source at texas​.gov