Texas Insurance Code - Section 402.052. Acquisitions And Dispositions Subject To Chapter
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§ 402.052. ACQUISITIONS AND DISPOSITIONS SUBJECT TO
CHAPTER. (a) An asset acquisition subject to this chapter includes
a purchase, lease, exchange, merger, consolidation, succession, or
other acquisition of assets, except the construction or development
of real property by or for the reporting insurer or health
maintenance organization or the acquisition of materials for that
purpose.
(b) An asset disposition subject to this chapter includes a
sale, lease, exchange, merger, consolidation, mortgage,
hypothecation, assignment, whether for the benefit of a creditor or
otherwise, abandonment, destruction, or other disposition of
assets.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 401.201 402.001 402.002 402.003 402.004 402.005 402.051 402.052 402.053 402.101 402.102 402.103 402.104 403.001 403.002
Last modified: August 11, 2007
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