Texas § 887.453 MEMBERS MEETING; NOTICE.

Texas Statutes

§ 887.453 — MEMBERS MEETING; NOTICE.

Texas § 887.453

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Bluebook

Tex. Insurance Code Code Ann. § 887.453 (2026).

Text

Sec. 887.453. MEMBERS MEETING; NOTICE.

(a)On receipt of the commissioner's written approval of proposed plans under Section 887.452 or of the plans as amended to meet the commissioner's requirements in accordance with Chapter 882 , an association's board of directors or an officer of the association authorized by its bylaws to call a meeting of its members shall:

(1)call a meeting of the association's members for voting on ratification of the proposed conversion or reinsurance; and

(2)mail to each member of the association:

(A)a copy of the proposed plans; and

(B)a notice of the meeting.

(b)The meeting may not be held before the 16th day after the date the notice is mailed under Subsection (a)(2).

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Sec. 887.453. MEMBERS MEETING; NOTICE. (a) On receipt of the commissioner's written approval of proposed plans under Section 887.452 or of the plans as amended to meet the commissioner's requirements in accordance with Chapter 882 , an association's board of directors or an officer of the association authorized by its bylaws to call a meeting of its members shall:
(1) call a meeting of the association's members for voting on ratification of the proposed conversion or reinsurance; and
(2) mail to each member of the association:
(A) a copy of the proposed plans; and
(B) a notice of the meeting.
(b) The meeting may not be held before the 16th day after the date the notice is mailed under Subsection (a)(2).