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Tex. Insurance Code § 825.103

DISTRIBUTION OF DIVIDENDS

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 825.103, DISTRIBUTION OF DIVIDENDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679146
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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.