Tex. Insurance Code § 826.202
COMMISSIONER POWERS AND DUTIES; APPROVAL
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 826.202, COMMISSIONER POWERS AND DUTIES; APPROVAL, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679183
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Full text
(a) The commissioner shall review the proposed plan of reorganization as an alternate conversion plan under Section 826.061. The commissioner may require as a condition of approval modifications of the proposed plan of reorganization that the commissioner determines necessary to protect the members' interests.
(b) The commissioner may retain a qualified expert as provided by Section 826.102(e).
(c) The commissioner has jurisdiction over a mutual holding company organized under this subchapter to ensure that member interests are protected.