Texas § IN.882.056 - APPLICATION FOR CHARTER
Full text of Texas The Texas Constitution § IN.882.056 — APPLICATION FOR CHARTER, with citation guidance and answers to common questions.
§ IN.882.056. APPLICATION FOR CHARTER
APPLICATION FOR CHARTER. (a) To obtain a charter for a mutual life insurance company under this chapter, the incorporators must pay the charter fee in the amount determined under Chapter 202 and file with the department: (1) an application for charter on the form and including the information prescribed by the commissioner; (2) the company's articles of incorporation; and (3) an affidavit made by two or more of the incorporators that states that: (A) the unencumbered surplus requirements of Section 882.055 are satisfied; (B) the unencumbered surplus is the bona fide property of the company; and (C) the information in the application and articles of incorporation is true and correct. (b) The commissioner may require that the incorporators provide at their expense additional evidence of a matter required in the affidavit before the commissioner takes further action on the application for the charter. (c) The charter must state the name of each director who is to serve until the first annual election. 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.074, eff. April 1, 2009.
Frequently Asked Questions About Texas § IN.882.056
What does The Texas Constitution § IN.882.056 cover?
Section IN.882.056 ("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.882.056?
A common citation format is "The Texas Constitution § IN.882.056" (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.882.056 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.