Tex. Insurance Code § 823.456
This is the official text of Tex. Insurance Code § 823.456, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 823.456. SEIZURE OR SEQUESTRATION OF VOTING SECURITIES.
Official statutory text
If a person acquires or is proposing to acquire a voting security in violation of this chapter or a rule or order under this chapter, a district court of Travis County or of the county in which the insurer has its principal place of business, on application of the insurer or the commissioner and notice that the court considers appropriate, may seize or sequester any voting securities of the insurer that are owned directly or indirectly by that person and may issue an order relating to those securities that is appropriate to implement this chapter.
Status: in_force · Read it on the official government site
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