Texas § 884.152 BOARD OF DIRECTORS.

Texas Statutes

§ 884.152 — BOARD OF DIRECTORS.

Texas § 884.152

Code INInsurance Code

This text of Texas § 884.152 (BOARD 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. § 884.152 (2026).

Text

Sec. 884.152. BOARD OF DIRECTORS.

(a)Subject to the bylaws of the stipulated premium company, as adopted or amended by the shareholders or directors, the board of directors has full management and control of the company.

(b)The board consists of not fewer than five directors.

(c)The directors shall keep a full and correct record of the board's transactions. The shareholders may inspect those records during business hours.

(d)The directors shall fill a vacancy that occurs on the board or in any office of the company.

(e)A majority of the board is a quorum.

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Sec. 884.152. BOARD OF DIRECTORS. (a) Subject to the bylaws of the stipulated premium company, as adopted or amended by the shareholders or directors, the board of directors has full management and control of the company.
(b) The board consists of not fewer than five directors.
(c) The directors shall keep a full and correct record of the board's transactions. The shareholders may inspect those records during business hours.
(d) The directors shall fill a vacancy that occurs on the board or in any office of the company.
(e) A majority of the board is a quorum.