Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 861.054 - Subscription of Stock
The incorporators shall:
(1) open books for the subscription of stock in the general casualty company at the times and places the incorporators consider convenient and proper; and(2) keep the books open until the full amount specified in the articles of incorporation is subscribed.
Tex. Ins. Code § 861.054
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.