Rights of Holder of Surplus Notes

Tex. Insurance Code § 826.057, under Chapter 826.

Tex. Insurance Code § 826.057

Sec. 826.057. RIGHTS OF HOLDER OF SURPLUS NOTES. A conversion plan must provide that any rights of a holder of a surplus note to participate in the conversion are governed by the terms of the surplus note. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.