Tex. Ins. Code § 822.151 · Subchapter D. MANAGEMENT OF COMPANY
CONDUCTING SHAREHOLDERS MEETING.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as otherwise provided by this code, at a meeting of an insurance company's shareholders to elect the company's board of directors or to transact other company business, a quorum is any number of shareholders whose cumulative ownership in the company represents at least 51 percent of the company's stock.
(b) A shareholder may vote in person or by proxy.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.822.htm
- Text hash
- sha256 ec115944dbff5ebac105c3f83584f8e94cbb88cf0e8e55d5ade64288cefda2e8
- 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
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.