Tex. Ins. Code § 883.058 · Subchapter B. FORMATION, STRUCTURE, AND MANAGEMENT OF COMPANY
MEMBERSHIP VOTES.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
Each member of a mutual insurance company is entitled to one vote on each matter submitted to a vote unless a different number of votes is authorized by the company's bylaws based on:
(1) the insurance in force;
(2) the number of policies held by the member; or
(3) the amount of the premium paid by the member.
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.883.htm
- Text hash
- sha256 c094fbfb39b0a5c64428f54754d484132c47700cb6366d2f70d85166618c50e6
- 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.