Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 887.307 - Revenue of Association; Deposit(a) The revenue of an association must be derived from:(1) membership fees; and(2) assessments.(b) Not later than the fifth day after the date an association collects revenue, the association shall deposit the revenue in a state or national bank.
Tex. Ins. Code § 887.307
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.