Texas Insurance Code Chapter 862 > Subchapter D – Impairment of Surplus
Current as of: 2024 | Check for updates
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Other versions
| § 862.151 | Reduction of Capital Stock and Par Value of Shares |
| § 862.152 | Making Good On Impairment |
| § 862.153 | Failure of Shareholder to Pay |
| § 862.154 | Creation and Disposal of New Stock |
Terms Used In Texas Insurance Code Chapter 862 > Subchapter D - Impairment of Surplus
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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
- Property: means real and personal property. See Texas Government Code 311.005
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.