{"data":{"id":"us-tx/tex.-insurance-code-887.702","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 887.702","heading":"DIVERSION OF SPECIAL FUNDS; CRIMINAL PENALTY.","body":"(a) A director, officer, agent, employee, attorney at law, or attorney in fact of an association commits an offense if the person wilfully borrows, withholds, or diverts from its purpose all or part of a special fund that:\n(1) belongs to or is under the management and control of an association; and\n(2) is designated by law or by rule of the commissioner for a specific use.\n(b) An offense under this section is punishable by imprisonment in the Texas Department of Criminal Justice for a term of not more than 10 years or less than 2 years.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.\nAmended by:\nActs 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 25.124, eff. September 1, 2009.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES","CHAPTER 887. PROVISIONS APPLICABLE TO CERTAIN MUTUAL ASSESSMENT COMPANIES","SUBCHAPTER O. PENALTIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.887.htm#887.702","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"ff547d78bb925bc6f978fc36ed60fa006c2bc4f4fc23d0cf8a8d1f924e9ce1b3","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-887.701","next":"us-tx/tex.-insurance-code-887.703"},"notice":"GroundRules: Original legal text. Not legal advice."}