{"data":{"id":"us-tx/tex.-insurance-code-2551.054","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 2551.054","heading":"PURCHASE OF OWN STOCK.","body":"(a) Subject to Section 2551.053(a) and the Texas Business Corporation Act, a title insurance company may purchase its own shares of stock. A purchase of its own shares is not considered an investment and does not constitute a violation of a provision of this code relating to admissible investments.\n(b) A title insurance company that purchases its own shares must, not later than the 10th day after the date of purchase, file with the commissioner a statement listing:\n(1) the name of each shareholder from whom the shares have been purchased; and\n(2) the amount paid for the shares.\nAdded by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.","path":["INSURANCE CODE","TITLE 11. TITLE INSURANCE","SUBTITLE B. ORGANIZATION OF TITLE INSURANCE COMPANIES","CHAPTER 2551. TITLE INSURERS","SUBCHAPTER B. FORMATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2551.htm#2551.054","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"59b65b35ba56690fafe70d3cf6d3c9f4a660defb9c1a2ef8ea06189921528814","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-2551.053","next":"us-tx/tex.-insurance-code-2551.055"},"notice":"GroundRules: Original legal text. Not legal advice."}