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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) In a meeting called under Section 887.453, a member may vote in person, by proxy, or by mail.
(b) All votes must be cast by ballot. A majority vote of the members participating in the election is required to ratify the conversion or reinsurance.
(c) The person presiding at the meeting shall supervise and direct the procedure of the meeting and appoint an adequate number of inspectors to conduct the voting.
(d) Under rules adopted by the commissioner, the inspectors may determine all questions concerning the qualifications of the voters and the verification, canvassing, and validity of the ballots. The inspectors shall certify the result of the election to the commissioner and to the association.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 887.454. Members Meeting; Procedures - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-887-454/
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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