Texas § IN.822.057 - APPLICATION FOR CHARTER
Full text of Texas The Texas Constitution § IN.822.057 — APPLICATION FOR CHARTER, with citation guidance and answers to common questions.
§ IN.822.057. APPLICATION FOR CHARTER
APPLICATION FOR CHARTER. (a) To obtain a charter for an insurance company, the incorporators must pay to the department the fees prescribed by law and file with the department: (1) an application for charter on the form and containing the information prescribed by the commissioner; (2) the company's proposed articles of incorporation; (3) an affidavit made by the incorporators or officers of the company that states that: (A) the capital and surplus is the bona fide property of the company; and (B) the information in the articles of incorporation is true and correct; and (4) if the application provides for the issuance of shares of stock without par value, a certificate authenticated by the incorporators stating: (A) the number of shares without par value that are subscribed; and (B) the actual consideration received by the company for those shares. (b) If the commissioner is not satisfied with the affidavit filed under Subsection (a)(3), the commissioner may require that the incorporators provide at their expense additional evidence of a matter required in the affidavit before the commissioner: (1) receives the proposed articles of incorporation or the application for charter; or (2) issues a certificate of authority to the company. (c) Repealed by Acts 2009, 81st Leg., R.S., Ch. 1022, Sec. 19(1), eff. June 19, 2009. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by: Acts 2009, 81st Leg., R.S., Ch. 1022 (H.B. 4291 ), Sec. 4, eff. June 19, 2009. Acts 2009, 81st Leg., R.S., Ch. 1022 (H.B. 4291 ), Sec. 19(1), eff. June 19, 2009.
Frequently Asked Questions About Texas § IN.822.057
What does The Texas Constitution § IN.822.057 cover?
Section IN.822.057 ("APPLICATION FOR CHARTER") 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.822.057?
A common citation format is "The Texas Constitution § IN.822.057" (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.822.057 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.