Texas § FI.154.111 - SUCCESSOR PERMIT HOLDER

Full text of Texas The Texas Constitution § FI.154.111 — SUCCESSOR PERMIT HOLDER, with citation guidance and answers to common questions.

§ FI.154.111. SUCCESSOR PERMIT HOLDER

SUCCESSOR PERMIT HOLDER. (a) The commission shall adopt rules governing the selection of a successor permit holder. (b) A successor permit holder to whom the commissioner transfers a contract under Section 154.413 shall perform the contract and is entitled to retain the money that would have been due the person whose permit was canceled, including any money seized by the commissioner. (c) Any premium received through the selection process that exceeds the claims against the prior permit holder shall be deposited in the fund maintained under Section 154.351 . Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 867, Sec. 79, eff. Sept. 1, 2001. SUBCHAPTER C-1. PRESALE DISCLOSURES

Related Texas Legal Topics

Frequently Asked Questions About Texas § FI.154.111

What does The Texas Constitution § FI.154.111 cover?

Section FI.154.111 ("SUCCESSOR PERMIT HOLDER") 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 § FI.154.111?

A common citation format is "The Texas Constitution § FI.154.111" (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 § FI.154.111 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.