Texas § IN.861.255 - RULES REGARDING CERTAIN ASSETS
Full text of Texas The Texas Constitution § IN.861.255 — RULES REGARDING CERTAIN ASSETS, with citation guidance and answers to common questions.
§ IN.861.255. RULES REGARDING CERTAIN ASSETS
RULES REGARDING CERTAIN ASSETS. (a) The value of the electronic machines and systems, office equipment, furniture, other machines, and labor-saving devices specified in Section 861.254 (c)(9), as determined under this section and in accordance with rules adopted by the commissioner, is an admitted asset of the company. (b) The commissioner may adopt rules defining electronic machines and systems, office equipment, furniture, other machines, and labor-saving devices as specified in Section 861.254 (c)(9) and stating the maximum period for which each class of equipment may be amortized. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Frequently Asked Questions About Texas § IN.861.255
What does The Texas Constitution § IN.861.255 cover?
Section IN.861.255 ("RULES REGARDING CERTAIN ASSETS") 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.861.255?
A common citation format is "The Texas Constitution § IN.861.255" (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.861.255 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.