{"data":{"id":"us-tx/tex.-insurance-code-2551.056","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 2551.056","heading":"REGULATION OF CERTAIN CORPORATIONS.","body":"(a) A corporation incorporated under Subdivision 57, Article 1302, Revised Statutes, before February 27, 1929, and engaging in business in this state on February 27, 1929:\n(1) may continue to engage in business;\n(2) is subject to this title; and\n(3) shall comply with the requirements of this title regarding investments and deposits.\n(b) A shareholder in a company acting under this title is not liable in the event of default in the payment of any debt or liability of the company beyond the shareholder's subscription for stock.\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#2551.056","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"bbb004a714ea1e7192ab2b4ae88940de5c0469a0e64175920d098f4254917a9e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-2551.055","next":"us-tx/tex.-insurance-code-2551.101"},"notice":"GroundRules: Original legal text. Not legal advice."}