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HB 468, 57th R.S.

Relating to amending a certain Article of the Insurance Code permitting fire and marine insurance companies, casualty insurance companies, and life insurance companies, to hold mineral and royalty interests reserved upon the sale of land acquired under foreclosure of loans contracted or for money due or which shall have been conveyed to them in satisfaction of debts previously contracted in the legitimate business of the company or for money due or such as was purchased at sale under judgments, decree, or mortgages obtained or made for such debts prior to January 1, 1942.

Author: Ben H. Lewis

Session Law Chapter:
Acts 1961, 57th R.S.,ch. 467, General and Special Laws of Texas

Subjects:
Insurance--Insurers & Agents
Property Interests--Real Property

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