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Texas Insurance Code - INS § 423.101. Definition

Current as of January 01, 2024 | Updated by FindLaw Staff

In this subchapter, “clearing corporation” means:

(1) a clearing corporation as defined by Section 8.102(a), Business & Commerce Code; or

(2) a clearance system that:

(A) is organized or operating under the laws of at least one foreign country;

(B) provides for book-entry settlement and custody of internationally traded securities; and

(C) has been organized and in operation for not less than 15 consecutive years.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 423.101. Definition - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-423-101/

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