Texas § IN.424.109 - DESIGNATION OF POOL MANAGER
Full text of Texas The Texas Constitution § IN.424.109 — DESIGNATION OF POOL MANAGER, with citation guidance and answers to common questions.
§ IN.424.109. DESIGNATION OF POOL MANAGER
DESIGNATION OF POOL MANAGER; QUALIFICATIONS. (a) The pooling agreement for an investment pool must designate a pool manager. (b) The pool manager must be organized under the laws of the United States or a state and must be: (1) the investing insurer, an affiliated insurer, or a business entity affiliated with the insurer; (2) a qualified bank; (3) a business entity registered under the Investment Advisers Act of 1940 (15 U.S.C. Section 80b-1 et seq.), as amended; (4) the attorney-in-fact of a reciprocal or interinsurance exchange; or (5) the United States manager or an affiliate or subsidiary of the United States manager of a United States branch of an alien insurer. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.424.109
What does The Texas Constitution § IN.424.109 cover?
Section IN.424.109 ("DESIGNATION OF POOL MANAGER") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.424.109?
A common citation format is "The Texas Constitution § IN.424.109" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.424.109 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.