§ 824.151 Purchase of Outstanding Shares by Life Insurance Corporation
§ 824.152 Limitations On Purchase of Outstanding Shares by Life Insurance Corporation

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Terms Used In Texas Insurance Code Chapter 824 > Subchapter D - Merger or Consolidation of Life Insurance Corporations

  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Year: means 12 consecutive months. See Texas Government Code 311.005