Texas Insurance Code
§ 861.055 — ORGANIZATIONAL MEETING
IN § 861.055Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part D. CASUALTY COMPANIES · Ch. 861. GENERAL CASUALTY COMPANIES · Art. B. FORMATION AND STRUCTURE OF GENERAL CASUALTY COMPANY
Statute text
View on source(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.
Legislative history
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.