Texas § FI.371.053 - VERIFICATION OF APPLICANT'S NET ASSETS
Full text of Texas The Texas Constitution § FI.371.053 — VERIFICATION OF APPLICANT'S NET ASSETS, with citation guidance and answers to common questions.
§ FI.371.053. VERIFICATION OF APPLICANT'S NET ASSETS
VERIFICATION OF APPLICANT'S NET ASSETS. If the commissioner cannot verify that an applicant meets the net assets requirement of Section 371.072 , the commissioner may require a finding, including a current balance sheet, by an independent certified public accountant that: (1) the accountant has reviewed the applicant's books and records; and (2) the applicant meets the net assets requirement. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.371.053
What does The Texas Constitution § FI.371.053 cover?
Section FI.371.053 ("VERIFICATION OF APPLICANT'S NET ASSETS") 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.371.053?
A common citation format is "The Texas Constitution § FI.371.053" (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.371.053 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.