Texas Statutes
§ 882.601 — AUTHORITY TO CONVERT TO STOCK LEGAL RESERVE LIFE INSURANCE COMPANY; POLICYHOLDER AUTHORIZATION REQUIRED.
Texas § 882.601
JurisdictionTexas
Code INInsurance Code
This text of Texas § 882.601 (AUTHORITY TO CONVERT TO STOCK LEGAL RESERVE LIFE INSURANCE COMPANY; POLICYHOLDER AUTHORIZATION REQUIRED.) 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. § 882.601 (2026).
Text
Sec. 882.601. AUTHORITY TO CONVERT TO STOCK LEGAL RESERVE LIFE INSURANCE COMPANY; POLICYHOLDER AUTHORIZATION REQUIRED. A mutual life insurance company organized under this chapter may convert to a stock legal reserve life insurance company as provided by this subchapter only if the conversion is approved by the policyholders by a vote of at least two-thirds of the votes cast by the policyholders in person or by proxy at a meeting called for that purpose.
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Legislative History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Nearby Sections
15
§ 882.002
EXAMINATION OF COMPANY.§ 882.003
ANNUAL STATEMENT.§ 882.051
AUTHORITY TO FORM COMPANY; PURPOSE.§ 882.053
COMPANY'S NAME.§ 882.054
INITIAL BOARD OF DIRECTORS; TERM.§ 882.055
UNENCUMBERED SURPLUS REQUIREMENTS.§ 882.056
APPLICATION FOR CHARTER.§ 882.057
APPLICATION PROCESS.§ 882.058
ACTION ON APPLICATION.§ 882.059
EXAMINATION AFTER DETERMINATION.§ 882.151
BOARD OF DIRECTORS.§ 882.152
ADOPTION OF INITIAL BYLAWS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 882.601, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/882.601.