Texas § 841.063 ORGANIZATION MEETING.

Texas Statutes

§ 841.063 — ORGANIZATION MEETING.

Texas § 841.063

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 841.063 (2026).

Text

Sec. 841.063. ORGANIZATION MEETING.

(a)After receipt of the certified copy of documents under Section 841.061 (c), the incorporators shall promptly call a meeting of the domestic insurance company's shareholders. The shareholders shall:

(1)adopt bylaws to govern the company; and

(2)elect the company's initial board of directors.

(b)The directors elected under this section serve until directors are first elected under Section 841.153 . SUBCHAPTER C. AUTHORITY TO ENGAGE IN BUSINESS

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Sec. 841.063. ORGANIZATION MEETING. (a) After receipt of the certified copy of documents under Section 841.061 (c), the incorporators shall promptly call a meeting of the domestic insurance company's shareholders. The shareholders shall:
(1) adopt bylaws to govern the company; and
(2) elect the company's initial board of directors.
(b) The directors elected under this section serve until directors are first elected under Section 841.153 .
SUBCHAPTER C. AUTHORITY TO ENGAGE IN BUSINESS