Texas Insurance Code 2551.055 – Charter of Corporation Engaging in Business of Title Insurance
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(a) The incorporators of a corporation engaging in the business of title insurance and incorporated under this title, Subdivision 57, Article 1302, Revised Statutes, Chapter 40, Acts of the 41st Legislature, Regular Session, 1929 (Article 1302a, Vernon’s Texas Civil Statutes), or any other law shall file the corporation’s original charter only with the department and shall certify the charter only to the department.
(b) Only the department may collect from a company described by this section any filing fees required by law.
Terms Used In Texas Insurance Code 2551.055
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(c) A corporation described by this section is not subject to another law to the extent that the law conflicts with this section.