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Tex. Insurance Code § 884.152

BOARD OF DIRECTORS

Texas · Texas Insurance Code · Status: effective

Government Administration
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Tex. Insurance Code § 884.152, BOARD OF DIRECTORS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679985
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(a) Subject to the bylaws of the stipulated premium company, as adopted or amended by the shareholders or directors, the board of directors has full management and control of the company. (b) The board consists of not fewer than five directors. (c) The directors shall keep a full and correct record of the board's transactions. The shareholders may inspect those records during business hours. (d) The directors shall fill a vacancy that occurs on the board or in any office of the company. (e) A majority of the board is a quorum.