Texas § 884.151 CONDUCTING SHAREHOLDERS' MEETING.

Texas Statutes

§ 884.151 — CONDUCTING SHAREHOLDERS' MEETING.

Texas § 884.151

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 884.151 (2026).

Text

Sec. 884.151. CONDUCTING SHAREHOLDERS' MEETING.

(a)At a meeting of a stipulated premium company's shareholders, each shareholder is entitled to one vote for each fully paid share of stock appearing in the shareholder's name on the company's books.

(b)A shareholder may vote in person or by written proxy.

(c)At a shareholders' meeting, a quorum is any number of shareholders whose cumulative stock ownership in the stipulated premium company represents a majority of the company's paid up capital stock.

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Sec. 884.151. CONDUCTING SHAREHOLDERS' MEETING. (a) At a meeting of a stipulated premium company's shareholders, each shareholder is entitled to one vote for each fully paid share of stock appearing in the shareholder's name on the company's books.
(b) A shareholder may vote in person or by written proxy.
(c) At a shareholders' meeting, a quorum is any number of shareholders whose cumulative stock ownership in the stipulated premium company represents a majority of the company's paid up capital stock.