SB 47, 50th R.S.
Relating to amending a previous Act, by authorizing certain life insurance companies to invest not to exceed ten (10%) per cent, of the company's capital, surplus and contingency funds in not more than twenty (20%) per cent of the capital stock of any other insurance company, whose principal business is the reinsurance, either partially or wholly, of risks ceded to it by other life insurance companies; providing a saving clause.
Author: James A. Stanford, Jr.
Session Law Chapter:
Acts 1947, 50th R.S.,ch. 232, General and Special Laws of Texas
Subjects:
Insurance--Life & Annuities
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