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Tex. Ins. Code § 861.054

SUBSCRIPTION OF STOCK

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

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.

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