Texas § IN.1152.054 - COMPLIANCE WITH FEDERAL OR STATE LAW FOR SEPARATE ACCOUNT
Full text of Texas The Texas Constitution § IN.1152.054 — COMPLIANCE WITH FEDERAL OR STATE LAW FOR SEPARATE ACCOUNT, with citation guidance and answers to common questions.
§ IN.1152.054. COMPLIANCE WITH FEDERAL OR STATE LAW FOR SEPARATE ACCOUNT
COMPLIANCE WITH FEDERAL OR STATE LAW FOR SEPARATE ACCOUNT. (a) To comply with a federal or state law, an insurance company with respect to any separate account, including a separate account that is a management investment company or a unit investment trust, may, to the extent the company considers it necessary, provide: (1) for appropriate voting and other rights for persons who have an interest in the account; and (2) special rights and procedures to conduct the business of the account, including rights and procedures related to: (A) investment policy; (B) investment advisory services; (C) selection of independent public accountants; and (D) selection of a committee to manage the business of the account. (b) The members of a committee selected under Subsection (a)(2)(D) are not required to be affiliated with the company. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.1152.054
What does The Texas Constitution § IN.1152.054 cover?
Section IN.1152.054 ("COMPLIANCE WITH FEDERAL OR STATE LAW FOR SEPARATE ACCOUNT") 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.1152.054?
A common citation format is "The Texas Constitution § IN.1152.054" (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.1152.054 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.