Texas § IN.883.051 - FORMATION OF COMPANY
Full text of Texas The Texas Constitution § IN.883.051 — FORMATION OF COMPANY, with citation guidance and answers to common questions.
§ IN.883.051. FORMATION OF COMPANY
FORMATION OF COMPANY. (a) Twenty or more persons, a majority of whom are residents of this state, may incorporate in accordance with this chapter to engage in the business of mutual insurance as provided by this chapter. (b) To form a mutual insurance company, each incorporator must sign and acknowledge the articles of incorporation of the company. (c) The incorporators of a proposed mutual insurance company are subject to Sections 822.001 , 822.051 , 822.057 (a)(1)-(3), (b), and (c), 822.058 (a), 822.059, 822.060 , and 822.201 , except that: (1) the minimum number of persons required to adopt and sign the proposed company's articles of incorporation under Section 822.051 is equal to the number of the proposed company's incorporators as provided by Subsection (a); and (2) the unencumbered surplus of the mutual insurance company is capital structure for purposes of Section 822.201 . Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.883.051
What does The Texas Constitution § IN.883.051 cover?
Section IN.883.051 ("FORMATION OF COMPANY") 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.883.051?
A common citation format is "The Texas Constitution § IN.883.051" (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.883.051 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.