{"data":{"id":"us-tx/tex.-insurance-code-825.103","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 825.103","heading":"DISTRIBUTION OF DIVIDENDS.","body":"After conversion, the converting company shall annually distribute among its policyholders, under terms approved by the commissioner, dividends or earnings accruing to the converting company as the result of the acquisition of shares of the converting company's stock under this chapter.\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 C. ACQUISITION OF SHARES"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.825.htm#825.103","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"6ba7ed213e155a8e3704c6d95a1d556398a5ab10a421025d1a230dc8525635dc","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-825.102","next":"us-tx/tex.-insurance-code-825.104"},"notice":"GroundRules: Original legal text. Not legal advice."}