Texas Statutes
§ 2204.054 — DIRECTORS.
Texas § 2204.054
JurisdictionTexas
Code INInsurance Code
This text of Texas § 2204.054 (DIRECTORS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Insurance Code Code Ann. § 2204.054 (2026).
Text
Sec. 2204.054. DIRECTORS.
(a)The directors shall operate and manage the exchange in accordance with rules adopted under Section 2204.003 .
(b)The directors shall be elected by the members and any other person authorized by the exchange's constitution and bylaws to vote in an election of directors.
(c)At least two-thirds of the directors must be citizens of the United States.
SUBCHAPTER C. FINANCES
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Legislative History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007.
Nearby Sections
10
§ 2204.001
DEFINITIONS.§ 2204.002
EXEMPTION.§ 2204.003
RULES.§ 2204.052
OPERATION OF EXCHANGE.§ 2204.053
CONSTITUTION AND BYLAWS.§ 2204.054
DIRECTORS.§ 2204.101
TAXES.§ 2204.102
INVESTMENTS IN MEMBER OR AGENT.§ 2204.103
COVERAGE BY GUARANTY FUNDS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 2204.054, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/2204.054.