Tex. Insurance Code § 823.456
SEIZURE OR SEQUESTRATION OF VOTING SECURITIES
Texas · Texas Insurance Code · Status: effective
Cite this
- Citation
- Tex. Insurance Code § 823.456, SEIZURE OR SEQUESTRATION OF VOTING SECURITIES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679106
- Permanent ID
ys:prov:679106@1- SHA-256
916435dfd11af9c37c1007ead4d451cdf3de5bf8737ed6e0dc0cc7dd5f3f5748
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
If a person acquires or is proposing to acquire a voting security in violation of this chapter or a rule or order under this chapter, a district court of Travis County or of the county in which the insurer has its principal place of business, on application of the insurer or the commissioner and notice that the court considers appropriate, may seize or sequester any voting securities of the insurer that are owned directly or indirectly by that person and may issue an order relating to those securities that is appropriate to implement this chapter.