Texas Insurance Code 823.202 – Consideration for Acquisition
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(a) A statement required under § 823.154 must contain:
(1) the source, nature, and amount of consideration for the acquisition of control;
(2) a description of any transaction from which the consideration for the acquisition of control is obtained; and
(3) the identity of each person providing the consideration.
(b) On request of the person filing the statement, the identity of a commercial lender who in the ordinary course of business provides consideration for the acquisition is confidential.
Terms Used In Texas Insurance Code 823.202
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005