Texas § IN.861.258 - REAL PROPERTY
Full text of Texas The Texas Constitution § IN.861.258 — REAL PROPERTY, with citation guidance and answers to common questions.
§ IN.861.258. REAL PROPERTY
REAL PROPERTY. (a) A general casualty company is subject to Section 862.002 and may not purchase, hold, or convey real property except as authorized by that section. (b) A general casualty company shall sell real property acquired in compliance with Subsection (a) not later than the 10th anniversary of the date the real property was acquired. (c) A general casualty company may retain real property after the date specified by Subsection (b) if the commissioner issues a certificate stating: (1) that sale of the real property in compliance with Subsection (b) would cause the company to incur a material loss; and (2) a later date by which the real property must be sold. (d) Subsection (b) does not apply to: (1) real property occupied by buildings used in whole or in part by a general casualty company in the transaction of business; (2) an interest in minerals or royalty reserved on the sale of real property acquired under Sections 862.002 (c)(1)-(3); and (3) investment real property acquired under Section 424.064 . Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by: Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636 ), Sec. 2E.066, eff. April 1, 2009. SUBCHAPTER O. DISCIPLINARY PROCEDURES AND PENALTY
Frequently Asked Questions About Texas § IN.861.258
What does The Texas Constitution § IN.861.258 cover?
Section IN.861.258 ("REAL PROPERTY") 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.861.258?
A common citation format is "The Texas Constitution § IN.861.258" (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.861.258 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.