Tex. Ins. Code § 861.154

DIVIDENDS

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

Except as authorized by Sections 403.001 and 403.051, the directors of a general casualty company may not issue dividends.

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