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Terms Used In Texas Insurance Code 842.209

  • 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.

The following laws apply to a group hospital service corporation:
(1) Subchapter A, Chapter 86; and
(2) Sections 401.051, 401.052, 401.054-401.062, 401.151, 401.152, 401.155, and 401.156.