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.