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Tex. Insurance Code § 887.307

REVENUE OF ASSOCIATION; DEPOSIT

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 887.307, REVENUE OF ASSOCIATION; DEPOSIT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/680271
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(a) The revenue of an association must be derived from: (1) membership fees; and (2) assessments. (b) Not later than the fifth day after the date an association collects revenue, the association shall deposit the revenue in a state or national bank.