{"data":{"id":"us-tx/tex.-insurance-code-825.002","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 825.002","heading":"AUTHORITY TO CONVERT TO MUTUAL INSURANCE COMPANY.","body":"(a) A domestic stock insurance company, as defined by law, may convert to a mutual insurance company.\n(b) To convert to a mutual insurance company, a stock insurance company must implement a plan for the acquisition of shares of its capital stock.\n(c) In implementing a stock acquisition plan under this chapter, a converting company may acquire shares of its stock by gift, bequest, or purchase.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE B. ORGANIZATION OF REGULATED ENTITIES","CHAPTER 825. CONVERSION OF STOCK INSURANCE COMPANY TO MUTUAL INSURANCE COMPANY","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.825.htm#825.002","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"3177b21cd145eb51166d80c8933741120499e0e67e4413253da3e9ca62a2f483","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-825.001","next":"us-tx/tex.-insurance-code-825.051"},"notice":"GroundRules: Original legal text. Not legal advice."}