Tex. Ins. Code § 2204.054 · Subchapter B. OPERATION AND MANAGEMENT
DIRECTORS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The directors shall operate and manage the exchange in accordance with rules adopted under Section 2204.003.
(b) The directors shall be elected by the members and any other person authorized by the exchange's constitution and bylaws to vote in an election of directors.
(c) At least two-thirds of the directors must be citizens of the United States.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2204.htm
- Text hash
- sha256 5aaab4296023c3e9302d529effb1a3273ee37f845659397e711e0893736603b7
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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