{"data":{"id":"us-tx/tex.-insurance-code-423.101","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 423.101","heading":"DEFINITION.","body":"In this subchapter, \"clearing corporation\" means:\n(1) a clearing corporation as defined by Section 8.102(a), Business \u0026 Commerce Code; or\n(2) a clearance system that:\n(A) is organized or operating under the laws of at least one foreign country;\n(B) provides for book-entry settlement and custody of internationally traded securities; and\n(C) has been organized and in operation for not less than 15 consecutive years.\nAdded by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.","path":["INSURANCE CODE","TITLE 4. REGULATION OF SOLVENCY","SUBTITLE B. RESERVES AND INVESTMENTS","CHAPTER 423. TRANSACTIONS WITH MONEY AND OTHER ASSETS","SUBCHAPTER C. TRANSACTIONS WITH OTHER ASSETS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.423.htm#423.101","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"51316dd01163d52e8903e8a72e13d53cfe13ce878cc0d1c0b48e063a2bbfd842","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-423.053","next":"us-tx/tex.-insurance-code-423.102"},"notice":"GroundRules: Original legal text. Not legal advice."}