79th Texas Legislature, Regular Session, House Bill 1286, Chapter 63 Page: 1 of 11
The following text was automatically extracted from the image on this page using optical character recognition software:
H. B. No. 1286
1 AN ACT
2 relating to the regulation of service contract providers and
4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
5 SECTION 1. The heading to Chapter 1304, Occupations Code,
6 is amended to read as follows:
7 CHAPTER 1304. SERVICE CONTRACT PROVIDERS AND ADMINISTRATORS
8 SECTION 2. Section 1304.002 (1) , Occupations Code, is
9 amended to read as follows:
10 (1) "Administrator" means a [-he] person, other than
11 the provider of the service contract or an employee of the provider,
12 who is responsible for the third-party administration of a service
13 contract. [W -eron reponsiblef:or.aFilin4
14 requid- ]" ch" apter ]
15 SECTION 3. Subchapter A, Chapter 1304, Occupations Code, is
16 amended by adding Section 1304.0035 to read as follows:
17 Sec. 1304.0035. CONTROLLING PERSON. (a) In this chapter,
18 "controlling person" means an individual who:
19 (1) possesses direct or indirect control of at least
20 25 percent of the voting securities of a corporation;
21 (2) possesses the authority to set policy and direct
22 the management of a business entity;
23 (3) is the president, the secretary, or a director of a
24 corporation; or
Here’s what’s next.
This document can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Legislative Document.
Texas. Legislature. House of Representatives. 79th Texas Legislature, Regular Session, House Bill 1286, Chapter 63, legislative document, May 17, 2005; [Austin, Texas]. (texashistory.unt.edu/ark:/67531/metapth156475/m1/1/: accessed September 18, 2018), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting UNT Libraries Government Documents Department.