Sec. 887.307. REVENUE OF ASSOCIATION; DEPOSIT. (a) The revenue of an association must be derived from: (1) membership fees; and (2) assessments. (b) Not later than the fifth day after the date an association collects revenue, the association shall deposit the revenue in a state or national bank. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Revenue of Association; Deposit
Tex. Insurance Code § 887.307, under Chapter 887.
Tex. Insurance Code § 887.307