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Tex. Insurance Code § 884.151

CONDUCTING SHAREHOLDERS' MEETING

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 884.151, CONDUCTING SHAREHOLDERS' MEETING, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679984
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(a) At a meeting of a stipulated premium company's shareholders, each shareholder is entitled to one vote for each fully paid share of stock appearing in the shareholder's name on the company's books. (b) A shareholder may vote in person or by written proxy. (c) At a shareholders' meeting, a quorum is any number of shareholders whose cumulative stock ownership in the stipulated premium company represents a majority of the company's paid up capital stock.