Tex. Ins. Code § 825.056 · Subchapter B. STOCK ACQUISITION PLAN
POLICYHOLDER VOTING.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A policyholder may vote in person, by proxy, or by mail. All votes must be cast by ballot.
(b) The commissioner shall appoint an adequate number of inspectors to conduct the voting at the policyholders' meeting.
(c) The inspectors determine all questions concerning the verification of the ballots, the validity of the ballots, the qualification of the voters, and the canvass of the vote and shall certify the results to the commissioner and the converting company.
(d) An inspector shall act under rules prescribed 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 4fbe1242a665efb8bc13eb6647fce1571ef5f8df7f90b1dcfae813bc52251f77
- 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.