Texas § 841.153 ELECTION OF DIRECTORS.

Texas Statutes

§ 841.153 — ELECTION OF DIRECTORS.

Texas § 841.153

Code INInsurance Code

This text of Texas § 841.153 (ELECTION OF 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. § 841.153 (2026).

Text

Sec. 841.153. ELECTION OF DIRECTORS.

(a)After a domestic insurance company completes the organization of the company under Section 841.063 , the company shall hold an annual meeting of the company's shareholders on the fourth Tuesday in April at the home office of the company to elect the company's board of directors.

(b)After the directors are first elected under this section, the annual meeting must be held each year as established by the company's bylaws. The directors serve one-year terms beginning immediately after the election, except as provided by Section 841.154 .

(c)If the shareholders do not elect directors at an annual meeting, the shareholders may elect the directors at a special shareholders' meeting called for that purpose.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 841.153. ELECTION OF DIRECTORS. (a) After a domestic insurance company completes the organization of the company under Section 841.063 , the company shall hold an annual meeting of the company's shareholders on the fourth Tuesday in April at the home office of the company to elect the company's board of directors.
(b) After the directors are first elected under this section, the annual meeting must be held each year as established by the company's bylaws. The directors serve one-year terms beginning immediately after the election, except as provided by Section 841.154 .
(c) If the shareholders do not elect directors at an annual meeting, the shareholders may elect the directors at a special shareholders' meeting called for that purpose.

Legislative History

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by: Acts 2021, 87th Leg., R.S., Ch. 380 (S.B. 918 ), Sec. 3, eff. September 1, 2021.