Sec. 825.001. DEFINITIONS. In this chapter:
(1) "Converting company" means a stock insurance company that converts to a mutual insurance company under this chapter.
(2) "Resulting company" means a mutual insurance company to which a stock insurance company converts under this chapter.
(3) "Stock acquisition plan" means a converting company's plan for the acquisition of shares of its capital stock.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
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