Tex. Ins. Code Section 881.051
Authority to Act as Statewide Mutual Assessment Company

A corporation may engage in business as a statewide mutual assessment company only if the corporation:

(1)

was incorporated in this state under a law that was amended, repealed, or reenacted before June 20, 1933;

(2)

was engaged in business as a statewide mutual assessment company in this state on December 31, 1932;

(3)

does not have capital stock; and

(4)

is not for profit.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Source: Section 881.051 — Authority to Act as Statewide Mutual Assessment Company, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­881.­htm#881.­051 (accessed May 4, 2024).

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Accessed:
May 4, 2024

§ 881.051’s source at texas​.gov