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Tex. Insurance Code § 822.151

CONDUCTING SHAREHOLDERS MEETING

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 822.151, CONDUCTING SHAREHOLDERS MEETING, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/678989
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(a) Except as otherwise provided by this code, at a meeting of an insurance company's shareholders to elect the company's board of directors or to transact other company business, a quorum is any number of shareholders whose cumulative ownership in the company represents at least 51 percent of the company's stock. (b) A shareholder may vote in person or by proxy.