Texas § IN.423.104 - PROOF OF OWNERSHIP OF SECURITIES
Full text of Texas The Texas Constitution § IN.423.104 — PROOF OF OWNERSHIP OF SECURITIES, with citation guidance and answers to common questions.
§ IN.423.104. PROOF OF OWNERSHIP OF SECURITIES
PROOF OF OWNERSHIP OF SECURITIES. (a) A domestic insurer may demonstrate ownership of a security through a definitive certificate or in accordance with rules adopted under this section. (b) The commissioner shall adopt rules under which a domestic insurer may demonstrate ownership of an uncertificated security, as defined by Section 8.102 (a), Business & Commerce Code, consistent with common practices of securities exchanges and markets. The rules must establish: (1) standards for the types of uncertificated securities the insurer may hold; (2) the manner in which the insurer may demonstrate ownership of the security; and (3) adequate financial safeguards relating to the ownership of uncertificated securities. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.423.104
What does The Texas Constitution § IN.423.104 cover?
Section IN.423.104 ("PROOF OF OWNERSHIP OF SECURITIES") 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.423.104?
A common citation format is "The Texas Constitution § IN.423.104" (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.423.104 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.