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Texas Insurance Code - INS § 884.061. Organizational Meeting

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) After receipt of the certified copy of documents under Section 884.059(c), the incorporators shall promptly call a meeting of the stipulated premium company's shareholders. The shareholders shall:

(1) adopt bylaws to govern the company; and

(2) elect the company's initial board of directors.

(b) The directors elected under this section serve until directors are first elected under Section 884.153.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 884.061. Organizational Meeting - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-884-061/

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