{"data":{"id":"us-tx/tex.-insurance-code-829.002","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 829.002","heading":"AUTHORITY TO CONVERT THROUGH CREATION OF A MUTUAL HOLDING COMPANY.","body":"(a) An exchange may reorganize by converting to a stock insurance company and forming a mutual holding company to hold, directly or indirectly, shares of the resulting company or intermediate holding company in accordance with this chapter.\n(b) A converting exchange may not engage in the business of insurance as a stock insurance company until it complies with the requirements of this chapter.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 412 (S.B. 1056), Sec. 1, eff. June 15, 2007.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE B. ORGANIZATION OF REGULATED ENTITIES","CHAPTER 829. CONVERSION OF RECIPROCAL OR INTERINSURANCE EXCHANGE TO STOCK COMPANY THROUGH CREATION OF A MUTUAL HOLDING COMPANY","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.829.htm#829.002","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"10ba4c544cc738c999211c819a92ef5dc49b1aeda86e20916d070cdef6497019","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-829.001","next":"us-tx/tex.-insurance-code-829.003"},"notice":"GroundRules: Original legal text. Not legal advice."}