Tex. Ins. Code § 861.154

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 861.154 - Dividends

Except as authorized by Sections 403.001 and 403.051, the directors of a general casualty company may not issue dividends.

Tex. Ins. Code § 861.154

Amended By Acts 2007, 80th Leg., R.S., Ch. 730, Sec. 2E.061, eff. 4/1/2009.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.