78th Texas Legislature, Third Called Session, House Bill 7, Chapter 3 Page: 4 of 90
90 p.View a full description of this legislative document.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
H.B. No. 7
1 demutualization or related reorganization of an insurance company
2 is presumed abandoned on the first anniversary of the date the
3 property becomes distributable if, at the time of the first
4 distribution, the last known address of the owner according to the
5 records of the holder of the property is known to be incorrect or
6 the distribution or statements related to the distribution are
7 returned by the post office as undeliverable and the owner has not:
8 (1) communicated in writing with the holder of the
9 property or the holder's agent regarding the interest; or
10 (2) otherwise communicated with the holder regarding
11 the interest as evidenced by a memorandum or other record on file
12 with the holder or its agents.
13 (d) Property distributable in the course of a
14 demutualization or related reorganization of an insurance company
15 that is not subject to Subsection (c) is presumed abandoned as
16 otherwise provided by this section.
17 SECTION 3.02. This article takes effect immediately if this
18 Act receives a vote of two-thirds of all the members elected to each
19 house, as provided by Section 39, Article III, Texas Constitution.
20 If this Act does not receive the vote necessary for immediate
21 effect, this article takes effect on the 91st day after the last day
22 of the legislative session.
23 ARTICLE 4. TELECONFERENCE MEETING OF LEGISLATIVE BUDGET BOARD
24 SECTION 4.01. Section 322.003, Government Code, is amended
25 by adding Subsections (d) and (e) to read as follows:
26 (d) As an exception to Chapter 551 and other lawr if the
27 joint chairs of the board are physically present at a meeting, then4
CC ~r 4
Upcoming Pages
Here’s what’s next.
Search Inside
This document can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Legislative Document.
Texas. Legislature. House of Representatives. 78th Texas Legislature, Third Called Session, House Bill 7, Chapter 3, legislative document, October 13, 2003; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth158001/m1/4/: accessed June 12, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.