Gavvy: Ins. Code, Sec. 861.054. Subscription of Stock.

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Sec. 861.054. Subscription of Stock.

Sec. 861.054. SUBSCRIPTION OF STOCK. The incorporators shall:

(1) open books for the subscription of stock in the general casualty company at the times and places the incorporators consider convenient and proper; and

(2) keep the books open until the full amount specified in the articles of incorporation is subscribed.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Gavvy last updated this database on: Sep 6, 2024