{"data":{"id":"us-tx/tex.-insurance-code-884.254","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 884.254","heading":"TRANSFER OF STOCK.","body":"(a) A stipulated premium company's shares of stock are transferable on the company's books, in accordance with law and the bylaws of the company, by the owner or the owner's authorized agent.\n(b) Each person who becomes a shareholder by a transfer of shares succeeds to all rights of the former holder of those shares, by reason of that ownership.\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 E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES","CHAPTER 884. STIPULATED PREMIUM INSURANCE COMPANIES","SUBCHAPTER F. GENERAL POWERS AND DUTIES OF STIPULATED PREMIUM COMPANY"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.884.htm#884.254","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"068a16508c5c2c2758ce8fbe85d94c256794de81df95d20e1bde6fc0cc109a91","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-884.253","next":"us-tx/tex.-insurance-code-884.255"},"notice":"GroundRules: Original legal text. Not legal advice."}