Texas Insurance Code

§ 829.108 — FILING OF MINUTES, ARTICLES OF INCORPORATION, AND BYLAWS; EFFECTIVE DATE OF CONVERSION

IN § 829.108Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part B. ORGANIZATION OF REGULATED ENTITIES · Ch. 829. CONVERSION OF RECIPROCAL OR INTERINSURANCE EXCHANGE TO STOCK COMPANY THROUGH CREATION OF A MUTUAL HOLDING COMPANY · Art. C. PLAN ADOPTION AND APPROVAL

Statute text

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(a)The converting exchange shall file with the commissioner:

(1)the minutes of the meeting at which the plan was approved; and

(2)the articles of incorporation and bylaws of the resulting company and the mutual holding company.

(b)The converting exchange shall make the filing required by Subsection (a) not later than the 30th day after the later of:

(1)the date on which the eligible members approve the conversion plan; or

(2)the date on which the commissioner approves the conversion plan.

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Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 412 (S.B. 1056), Sec. 1, eff. June 15, 2007.