Tex. Insurance Code § 822.151
This is the official text of Tex. Insurance Code § 822.151, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 822.151. CONDUCTING SHAREHOLDERS MEETING.
Official statutory text
(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.
(b) A shareholder may vote in person or by proxy.
Status: in_force · Read it on the official government site
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