Sec. 2552.054. REACQUISITION OF SHARES

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(a) The capital shares of an attorney's title insurance company are subject to the right of reacquisition of the shares by the attorney's title insurance company in the event of:
(1) the death of the attorney shareholder;
(2) the failure of the attorney shareholder to remain a licensed member of the State Bar of Texas; or
(3) the failure of the attorney shareholder to remain appointed and qualified to be appointed a title attorney under this chapter.
(b) An attorney's title insurance company must reacquire a deceased attorney shareholder's shares within nine months of the attorney shareholder's death.

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.

                    
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