Texas § IN.841.259 - ACTIVITIES OF DIRECTORS AND OFFICERS

Full text of Texas The Texas Constitution § IN.841.259 — ACTIVITIES OF DIRECTORS AND OFFICERS, with citation guidance and answers to common questions.

§ IN.841.259. ACTIVITIES OF DIRECTORS AND OFFICERS

ACTIVITIES OF DIRECTORS AND OFFICERS. (a) A director or officer of an insurance company may not: (1) receive money or another valuable thing for negotiating, procuring, recommending, or aiding in a purchase or sale of property by or a loan from the company; or (2) have a pecuniary interest, as a principal, coprincipal, agent, or beneficiary, in a purchase, sale, or loan described by Subdivision (1). (b) This section does not prohibit: (1) a life insurance company from making a loan to a policyholder in an amount that is not greater than the reserve value of the policy; or (2) a transaction, purchase, sale, or loan approved by the commissioner under Subchapter A of Chapter 805 or Chapter 823 . Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Source: official Texas text · Last verified 2026-08-27

Related Texas Legal Topics

Frequently Asked Questions About Texas § IN.841.259

What does The Texas Constitution § IN.841.259 cover?

Section IN.841.259 ("ACTIVITIES OF DIRECTORS AND OFFICERS") 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.841.259?

A common citation format is "The Texas Constitution § IN.841.259" (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.841.259 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.