Texas § IN.228.302 - DECERTIFICATION OF CERTIFIED CAPITAL COMPANY
Full text of Texas The Texas Constitution § IN.228.302 — DECERTIFICATION OF CERTIFIED CAPITAL COMPANY, with citation guidance and answers to common questions.
§ IN.228.302. DECERTIFICATION OF CERTIFIED CAPITAL COMPANY
DECERTIFICATION OF CERTIFIED CAPITAL COMPANY. (a) A material violation of Section 228.105 , 228.106 , 228.107 , 228.151 , 228.152 , 228.153 , 228.154 , 228.155 , 228.156 , 228.202 , or 228.204 is grounds for decertification of a certified capital company. (b) If the comptroller determines that a certified capital company is not in compliance with a law listed in Subsection (a), the comptroller shall notify the company's officers in writing that the company may be subject to decertification after the 120th day after the date the notice is mailed unless the company: (1) corrects the deficiencies; and (2) returns to compliance with the law. (c) The comptroller may decertify a certified capital company, after opportunity for hearing, if the comptroller finds that the company is not in compliance with a law listed in Subsection (a) at the end of the period established by Subsection (b). (c-1) Notwithstanding any other provision of this section, the comptroller may decertify a certified capital company if the comptroller receives a request in writing from the certified capital company stating that the certified capital company has made qualified investments in an amount cumulatively equal to 100 percent of the company's certified capital. (d) Decertification under this section is effective on receipt of notice of decertification by the certified capital company. (e) The comptroller shall notify any appropriate state agency of a decertification of a certified capital company. Added by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636 ), Sec. 1B.001, eff. April 1, 2009. Amended by: Acts 2015, 84th Leg., R.S., Ch. 53 (H.B. 3031 ), Sec. 1, eff. May 21, 2015.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.228.302
What does The Texas Constitution § IN.228.302 cover?
Section IN.228.302 ("DECERTIFICATION OF CERTIFIED CAPITAL 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.228.302?
A common citation format is "The Texas Constitution § IN.228.302" (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.228.302 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.