Texas § IN.2602.103 - EMPLOYEES AND EXPERTS
Full text of Texas The Texas Constitution § IN.2602.103 — EMPLOYEES AND EXPERTS, with citation guidance and answers to common questions.
§ IN.2602.103. EMPLOYEES AND EXPERTS
EMPLOYEES AND EXPERTS. (a) The association may employ or retain persons to perform the functions necessary or proper under this chapter, including persons necessary to handle the association's financial transactions. (b) On the commissioner's approval, the association shall reimburse the department out of the guaranty fee account for the cost, including reasonable and necessary expenses, to employ or retain one or more persons to: (1) audit and review agent escrow and trust accounts, financial condition, and compliance with applicable statutes and rules; (2) report to the commissioner on the accounts, condition, and compliance; or (3) supervise a person employed or retained to perform audit and review under Subdivision (1). (c) A person employed or retained under Subsection (b) acts solely under the direction of and as assigned by the commissioner but shall report the person's activity and expenses to the association on the request of the association. (d) Repealed by Acts 2019, 86th Leg., R.S., Ch. 775 (H.B. 1614 ), Sec. 31, eff. September 1, 2019. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005. Amended by: Acts 2019, 86th Leg., R.S., Ch. 775 (H.B. 1614 ), Sec. 6, eff. September 1, 2019. Acts 2019, 86th Leg., R.S., Ch. 775 (H.B. 1614 ), Sec. 31, eff. September 1, 2019.
Frequently Asked Questions About Texas § IN.2602.103
What does The Texas Constitution § IN.2602.103 cover?
Section IN.2602.103 ("EMPLOYEES AND EXPERTS") 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.2602.103?
A common citation format is "The Texas Constitution § IN.2602.103" (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.2602.103 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.