Texas § IN.862.154 - CREATION AND DISPOSAL OF NEW STOCK
Full text of Texas The Texas Constitution § IN.862.154 — CREATION AND DISPOSAL OF NEW STOCK, with citation guidance and answers to common questions.
§ IN.862.154. CREATION AND DISPOSAL OF NEW STOCK
CREATION AND DISPOSAL OF NEW STOCK. (a) A fire, marine, or inland marine insurance company that complies with Sections 822.155 , 822.157 , and 822.158 may: (1) create new stock; (2) dispose of the new stock according to applicable law; and (3) issue new certificates for the new stock. (b) The insurance company shall sell any new stock created under Subsection (a) for an amount sufficient to make up any impairment of the company's required minimum capital and to make up the surplus of the company as required by Section 822.054 or 822.210 , subject to Subchapter B , Chapter 404 , but may not impair the capital of the company. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by: Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636 ), Sec. 2E.071, eff. April 1, 2009.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.862.154
What does The Texas Constitution § IN.862.154 cover?
Section IN.862.154 ("CREATION AND DISPOSAL OF NEW 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.862.154?
A common citation format is "The Texas Constitution § IN.862.154" (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.862.154 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.