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Insurance Code §involving

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Attorney General opinions that cite it

• WW-0435: . Ar&::3.39; ~&tion 4, Texas xa8rYaacc.c~ xnveemeats by a life i~eurance ,company in the rtocka of a subsidiary carporati~@th aa agreement pUaa!~by@e.pu,ent corporation to buy. wx.& stocks from the iasuraace company. ‘Wes&modebge.reciipr.~ your3etteroi~ar~h n,l9gg, re- questing an opiaiqa from tbis~department upoa+a:grwation arising from tbe following facts: **A Texas life inguraace compauy owns and holds 54OQ.000 in the preferred stocks of .tv&ty.acparate ‘and distinct variety atores whichhavebeen iacorpora- ted. These variety store corporatioue;o.not~Sn and of themselves meets the requiremen

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