Texas Insurance Code Chapter 824 > Subchapter B – Effective Date of Merger or Consolidation
Current as of: 2024 | Check for updates
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Other versions
| § 824.051 | Effective Date of Merger |
| § 824.052 | Effective Date of Consolidation |
| § 824.053 | Approval of Merger or Consolidation Affecting Foreign Corporation; Effective Date |
Terms Used In Texas Insurance Code Chapter 824 > Subchapter B - Effective Date of Merger or Consolidation
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Property: means real and personal property. See Texas Government Code 311.005
- Year: means 12 consecutive months. See Texas Government Code 311.005