Tex. Ins. Code § 825.055 · Subchapter B. STOCK ACQUISITION PLAN
POLICYHOLDERS' MEETING.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A converting company shall give notice of the policyholders' meeting to each eligible policyholder.
(b) The notice must be mailed from the home office of the converting company not later than the 31st day before the scheduled date of the meeting in a sealed envelope, postage prepaid, to the policyholder at the policyholder's last known mailing address.
(c) The policyholders' meeting shall be conducted in the manner provided by the stock acquisition plan.
(d) The commissioner shall supervise and direct the procedure of the policyholders' meeting. The converting company shall pay all necessary expenses incurred by the commissioner as certified by the commissioner.
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.825.htm
- Text hash
- sha256 26ab89e49368220062077c288496face77dd2184c5fb1568db25440d30964002
- 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.