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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A statement required under Section 823.154 must contain:
(1) the source, nature, and amount of consideration for the acquisition of control;
(2) a description of any transaction from which the consideration for the acquisition of control is obtained; and
(3) the identity of each person providing the consideration.
(b) On request of the person filing the statement, the identity of a commercial lender who in the ordinary course of business provides consideration for the acquisition is confidential.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 823.202. Consideration for Acquisition - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-823-202/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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