Tex. Ins. Code Section 826.202
Commissioner Powers and Duties; Approval

(a)

The commissioner shall review the proposed plan of reorganization as an alternate conversion plan under Section 826.061 (Alternate Conversion Plan). The commissioner may require as a condition of approval modifications of the proposed plan of reorganization that the commissioner determines necessary to protect the members’ interests.

(b)

The commissioner may retain a qualified expert as provided by Section 826.102 (Approval of Plan by Commissioner)(e).

(c)

The commissioner has jurisdiction over a mutual holding company organized under this subchapter to ensure that member interests are protected.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Source: Section 826.202 — Commissioner Powers and Duties; Approval, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­826.­htm#826.­202 (accessed May 11, 2024).

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Accessed:
May 11, 2024

§ 826.202’s source at texas​.gov