Texas § IN.841.055 - SHARES OF STOCK
Full text of Texas The Texas Constitution § IN.841.055 — SHARES OF STOCK, with citation guidance and answers to common questions.
§ IN.841.055. SHARES OF STOCK
SHARES OF STOCK. (a) The shares of stock of an insurance company operating under this chapter may be divided or converted into shares of stock with a par value or shares of stock without par value or into a combination of shares with or without par value. (b) Each issued share of stock must be fully paid for and nonassessable. (c) Repealed by Acts 2023, 88th Leg., R.S., Ch. 825 (H.B. 1903 ), Sec. 3(2), eff. September 1, 2023. (d) Authorized but unissued shares of stock of an insurance company are not considered capital, stock, or capital stock of the company. (e) This section and Sections 841.056 and 841.057 do not impair the charter rights of an insurance company authorized to issue shares of stock with or without a par value before September 6, 1955. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by: Acts 2023, 88th Leg., R.S., Ch. 825 (H.B. 1903 ), Sec. 3(2), eff. September 1, 2023.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.841.055
What does The Texas Constitution § IN.841.055 cover?
Section IN.841.055 ("SHARES OF STOCK") 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.841.055?
A common citation format is "The Texas Constitution § IN.841.055" (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.841.055 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.