Texas Insurance Code

§ 912.059 — AMENDMENT TO BYLAWS

IN § 912.059Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part F. FARM AND COUNTY MUTUAL INSURANCE COMPANIES · Ch. 912. COUNTY MUTUAL INSURANCE COMPANIES · Art. B. ORGANIZATION OF COUNTY MUTUAL INSURANCE COMPANY; DIRECTORS

Statute text

View on source

(a)A majority of the members of a county mutual insurance company, either in person or by proxy when ratified by the board of directors, may amend the company's bylaws at a regular meeting or at a special meeting called for that purpose.

(b)Notice of a regular or special meeting at which an amendment to the bylaws will be considered must be mailed or delivered personally to each member.

(c)An amendment to the bylaws is not effective until approved by the commissioner as meeting the requirements of this chapter.

Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.