Texas § IN.882.565 - EFFECT OF MERGER OR CONSOLIDATION ON DIVISIBLE SURPLUS
Full text of Texas The Texas Constitution § IN.882.565 — EFFECT OF MERGER OR CONSOLIDATION ON DIVISIBLE SURPLUS, with citation guidance and answers to common questions.
§ IN.882.565. EFFECT OF MERGER OR CONSOLIDATION ON DIVISIBLE SURPLUS
EFFECT OF MERGER OR CONSOLIDATION ON DIVISIBLE SURPLUS. (a) This section applies only to a mutual life insurance company that is a new company or the surviving company resulting from a merger or consolidation under this subchapter. (b) If the divisible surplus of each domestic mutual life insurance company that is a party to a merger or consolidation under this subchapter was available for allocation to policyholders as provided by Subchapter H immediately before the effective date of the merger or consolidation, the divisible surplus remains available to the policyholders of the new or surviving mutual life insurance company resulting from the merger or consolidation as provided by Subchapter H. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.882.565
What does The Texas Constitution § IN.882.565 cover?
Section IN.882.565 ("EFFECT OF MERGER OR CONSOLIDATION ON DIVISIBLE SURPLUS") 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.882.565?
A common citation format is "The Texas Constitution § IN.882.565" (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.882.565 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.