Texas § 911.062 REMOVAL OF OFFICER OR DIRECTOR.

Texas Statutes

§ 911.062 — REMOVAL OF OFFICER OR DIRECTOR.

Texas § 911.062

Code INInsurance Code

This text of Texas § 911.062 (REMOVAL OF OFFICER OR DIRECTOR.) 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. § 911.062 (2026).

Text

Sec. 911.062. REMOVAL OF OFFICER OR DIRECTOR.

(a)The board of directors of a farm mutual insurance company, at a meeting, may remove an officer or director of the company if, by a two-thirds majority vote of all the company's directors, the board determines that the removal of the individual is in the best interest of the company. The board may remove an officer or director under this subsection without stating a reason for the removal.

(b)The board may appoint one or more individuals to assume the duties and serve the unexpired term of an officer or director removed under this section.

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

Sec. 911.062. REMOVAL OF OFFICER OR DIRECTOR. (a) The board of directors of a farm mutual insurance company, at a meeting, may remove an officer or director of the company if, by a two-thirds majority vote of all the company's directors, the board determines that the removal of the individual is in the best interest of the company. The board may remove an officer or director under this subsection without stating a reason for the removal.
(b) The board may appoint one or more individuals to assume the duties and serve the unexpired term of an officer or director removed under this section.