{"data":{"id":"us-tx/tex.-finance-code-155.002","jurisdiction":"us-tx","citation":"Tex. Finance Code § 155.002","heading":"DEPOSIT REQUIRED.","body":"(a) Each person doing business in this state as a bond investment company shall deposit with the comptroller, in cash or securities approved by the comptroller, an amount equal to $5,000.\n(b) In addition to the deposit required by Subsection (a), a person doing business in this state as a bond investment company shall deposit semiannually with the comptroller, in cash or securities approved by the comptroller, an amount equal to 10 percent of all net premiums received by the company until the amount deposited equals $100,000.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE E. OTHER FINANCIAL BUSINESSES","CHAPTER 155. BOND INVESTMENT COMPANIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.155.htm#155.002","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"d08c946dbe5d1dd9bb365b1b3ac7d6a7ad1024e2dc70c08d633666db3e88fba5","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-155.001","next":"us-tx/tex.-finance-code-155.003"},"notice":"GroundRules: Original legal text. Not legal advice."}