Tex. Ins. Code § 861.055 · Subchapter B. FORMATION AND STRUCTURE OF GENERAL CASUALTY COMPANY
ORGANIZATIONAL MEETING.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) After receiving a certified copy of the articles of incorporation under Section 861.052, a general casualty company shall promptly call a meeting of the company's shareholders.
(b) At the meeting the shareholders shall:
(1) adopt bylaws to govern the company; and
(2) elect a board of directors composed of shareholders of the company.
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.861.htm
- Text hash
- sha256 1f456d16aea352d64e655ec2a12e7ca1a8f1aaab730ce36a81e66bfb543df2e7
- 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
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