Texas § IN.887.703 - APPROPRIATION OF MONEY

Full text of Texas The Texas Constitution § IN.887.703 — APPROPRIATION OF MONEY, with citation guidance and answers to common questions.

§ IN.887.703. APPROPRIATION OF MONEY

APPROPRIATION OF MONEY; CRIMINAL PENALTY. (a) An officer or employee of a mutual accident insurance company commits an offense if the person uses or appropriates, or knowingly permits the use or appropriation by another of, any money belonging to the company in a manner not provided for by the law authorizing the organization of the company. (b) An offense under this section is punishable by imprisonment in the Texas Department of Criminal Justice for a term of not more than 10 years or less than 2 years. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by: Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969 ), Sec. 25.125, eff. September 1, 2009.

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

Related Texas Legal Topics

Frequently Asked Questions About Texas § IN.887.703

What does The Texas Constitution § IN.887.703 cover?

Section IN.887.703 ("APPROPRIATION OF MONEY") 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.887.703?

A common citation format is "The Texas Constitution § IN.887.703" (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.887.703 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.