Legal Research Home > Texas Lawyer > Insurance Code - Not Codified > Texas Insurance Code - Not Codified - Article 4.55. Offering Material Used By Certified Capital Company


Art. 4.55. OFFERING MATERIAL USED BY CERTIFIED CAPITAL 
COMPANY.  Any offering material involving the sale of securities of 
the certified capital company must include the following statement:

By authorizing the formation of a certified capital 
company, the State of Texas does not endorse the 
quality of management or the potential for earnings of 
the company and is not liable for damages or losses to 
a certified investor in the company.  Use of the word 
"certified" in an offering does not constitute a 
recommendation or endorsement of the investment by the 
comptroller of public accounts.  If applicable 
provisions of law are violated, the State of Texas may 
require forfeiture of unused premium tax credits and 
repayments of used premium tax credits.

Added by Acts 2001, 77th Leg., ch. 437, Sec. 1, eff. May 28, 2001.

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Last modified: August 10, 2007