Texas Occupations Code 1704.108 – Notification of Default by Corporation
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Terms Used In Texas Occupations Code 1704.108
- 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.
A board shall promptly notify the Texas Department of Insurance if a corporation fails to pay a judgment of forfeiture as provided by Section 1704.204(a).