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Tex. Insurance Code § 826.004

CERTAIN CONVERSIONS PROHIBITED

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 826.004, CERTAIN CONVERSIONS PROHIBITED, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679153
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A mutual insurance company may not convert to a stock insurance company under this chapter if, as a direct result of the conversion, any affiliate or other person acquires control of the resulting company, unless that affiliate or person complies with Section 823.154.