Tex. Ins. Code § 887.453 · Subchapter J. CONVERSION TO LEGAL RESERVE INSURANCE COMPANY
MEMBERS MEETING; NOTICE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) On receipt of the commissioner's written approval of proposed plans under Section 887.452 or of the plans as amended to meet the commissioner's requirements in accordance with Chapter 882, an association's board of directors or an officer of the association authorized by its bylaws to call a meeting of its members shall:
(1) call a meeting of the association's members for voting on ratification of the proposed conversion or reinsurance; and
(2) mail to each member of the association:
(A) a copy of the proposed plans; and
(B) a notice of the meeting.
(b) The meeting may not be held before the 16th day after the date the notice is mailed under Subsection (a)(2).
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.887.htm
- Text hash
- sha256 e7022f50db87e79a283722a389dd86e599f6b93f4d94184182482dd9df635826
- 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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