Tex. Insurance Code § 845.058
This is the official text of Tex. Insurance Code § 845.058, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 845.058. SALE OR DISSOLUTION OF SYSTEM.
Official statutory text
(a) The participating hospital providers may authorize, by a two-thirds vote, the sale of the system or substantially all of the assets of the system.
(b) Except as otherwise provided by law, on the sale or dissolution of the system or the sale of substantially all of the assets of the system, the net revenue shall be distributed equally to the participating hospital providers after payment of any outstanding liabilities incurred by the system.
(b) Except as otherwise provided by law, on the sale or dissolution of the system or the sale of substantially all of the assets of the system, the net revenue shall be distributed equally to the participating hospital providers after payment of any outstanding liabilities incurred by the system.
Status: in_force · Read it on the official government site
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