Texas § IN.912.061 - APPLICATION FOR EXTENSION OF CHARTER
Full text of Texas The Texas Constitution § IN.912.061 — APPLICATION FOR EXTENSION OF CHARTER, with citation guidance and answers to common questions.
§ IN.912.061. APPLICATION FOR EXTENSION OF CHARTER
APPLICATION FOR EXTENSION OF CHARTER; TERM. (a) Before a county mutual insurance company's charter or extension of the charter expires, the company may apply to the department for an extension of the charter for a term of 50 years from the date the charter would otherwise expire. (b) The application for an extension must: (1) demonstrate that the application was authorized either by a two-thirds vote of the company's directors or by a majority vote at a policyholders' meeting; (2) state in full the charter to be extended; (3) state the period for which the charter is to be extended; (4) be signed and acknowledged by the president and secretary of the company; and (5) be accompanied by a fee of $50. (c) A company whose charter is extended retains the rights, privileges, and immunities granted a county mutual insurance company by this chapter. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. SUBCHAPTER C. AUTHORITY TO ENGAGE IN BUSINESS IN THIS STATE
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.912.061
What does The Texas Constitution § IN.912.061 cover?
Section IN.912.061 ("APPLICATION FOR EXTENSION OF 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.912.061?
A common citation format is "The Texas Constitution § IN.912.061" (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.912.061 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.