yourstate.us
Home / Texas / Insurance Code
Tex. Insurance Code § 829.107

APPROVAL OF PLAN BY ELIGIBLE MEMBERS

Texas · Texas Insurance Code · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Tex. Insurance Code § 829.107, APPROVAL OF PLAN BY ELIGIBLE MEMBERS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679234
Permanent ID
ys:prov:679234@1
SHA-256
0797724b88a04b0f5dc30b7120c8f7c0cdf07d9928f0650e1719afb57b1617dd

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(a) After notice that complies with this chapter, the converting exchange may convene a meeting to consider the conversion plan, and any eligible member entitled to vote on the proposed conversion plan may vote in person or by proxy at the meeting. Except as otherwise provided in the bylaws of the converting exchange, each eligible member may cast one vote. (b) Adoption of the conversion plan requires the affirmative vote of at least two-thirds of the votes cast by eligible members.