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SB 122, 54th Regular Session
Relating to amending the Insurance Code by designating the purpose for which and the manner in which life insurance companies may secure, hold and convey real property; adding thereto subdivision 5 authorizing certain life insurance companies with the prior approval of the Board of Insurance commissioners, and subject to certain other limitations, to purchase or lease lands and to erect thereon improvements for the production of income; designating such properties located within this State as "Texas Securities".

Author: George M. Parkhouse

Insurance--Life & Annuities
Property Interests--Real Property

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