An insurance company may, as circumstances require, exchange and reinvest its capital stock in like securities.
Tex. Ins. Code § 822.209
REINVESTMENT OF CAPITAL STOCK
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.