Sec. 884.051. FORMATION OF COMPANY. (a) Five or more, but not more than 35, residents of this state may form a stipulated premium company.
(b) To form a stipulated premium company:
(1) each incorporator must sign and acknowledge the articles of incorporation of the company; and
(2) the incorporators must file the articles of incorporation with the department.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
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