Tex. Insurance Code § 861.054
This is the official text of Tex. Insurance Code § 861.054, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 861.054. SUBSCRIPTION OF STOCK.
Official statutory text
The incorporators shall:
(1) open books for the subscription of stock in the general casualty company at the times and places the incorporators consider convenient and proper; and
(2) keep the books open until the full amount specified in the articles of incorporation is subscribed.
(1) open books for the subscription of stock in the general casualty company at the times and places the incorporators consider convenient and proper; and
(2) keep the books open until the full amount specified in the articles of incorporation is subscribed.
Status: in_force · Read it on the official government site
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