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Texas Insurance Code - INS § 825.103. Distribution of Dividends

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

After conversion, the converting company shall annually distribute among its policyholders, under terms approved by the commissioner, dividends or earnings accruing to the converting company as the result of the acquisition of shares of the converting company's stock under this chapter.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 825.103. Distribution of Dividends - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-825-103/

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