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Current as of January 01, 2024 | Updated by Findlaw Staff
Not later than the 90th day after the date on which a converting company's board of directors adopts a conversion plan, the company shall file with the commissioner:
(1) a copy of the documents relating to the conversion plan, including the valuation required by Section 826.054(a);
(2) the form of notice required by Section 826.104;
(3) the form of proxy to be solicited from eligible members under Section 826.107(a);
(4) the form of notice required by Section 826.151 to persons whose policies are issued after adoption of the conversion plan but before the effective date of the conversion plan;
(5) the proposed amended or restated articles of incorporation of the resulting company;
(6) a statement regarding acquisition of control, if applicable, as required by Chapter 823; and
(7) any other information requested by the commissioner.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 826.101. Plan Information Filed with Commissioner; Commissioner Powers and Duties - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-826-101/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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