Sec. 825.001. DEFINITIONS. In this chapter:
(1) "Converting company" means a stock insurance company that converts to a mutual insurance company under this chapter.
(2) "Resulting company" means a mutual insurance company to which a stock insurance company converts under this chapter.
(3) "Stock acquisition plan" means a converting company's plan for the acquisition of shares of its capital stock.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Section: 825.001 825.002 825.051 825.052 825.053 825.054 825.055 825.056 825.101 825.102 825.103 NextLast modified: September 28, 2016