Sec. 2551.054.  PURCHASE OF OWN STOCK.  (a)  Subject to Section 2551.053(a) and the Texas Business Corporation Act, a title insurance company may purchase its own shares of stock.  A purchase of its own shares is not considered an investment and does not constitute a violation of a provision of this code relating to admissible investments.
(b)  A title insurance company that purchases its own shares must, not later than the 10th day after the date of purchase, file with the commissioner a statement listing:
(1)  the name of each shareholder from whom the shares have been purchased;  and
(2)  the amount paid for the shares.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.