Public-domain · open source
OpenJurist

Tex. Ins. Code § 823.307

MODIFICATION BY COMMISSIONER

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

After notice and opportunity for a hearing, the commissioner may:

(1) determine that the basis used for valuation of the stock of an affiliate does not, under the specific circumstances, reflect the value of the affiliate; and

(2) order an adjustment in the valuation or the use of another basis of valuation provided by this subchapter.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.