Tex. Insurance Code § 884.061
This is the official text of Tex. Insurance Code § 884.061, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 884.061. ORGANIZATIONAL MEETING.
Official statutory text
(a) After receipt of the certified copy of documents under Section 884.059(c), the incorporators shall promptly call a meeting of the stipulated premium company's shareholders. The shareholders shall:
(1) adopt bylaws to govern the company; and
(2) elect the company's initial board of directors.
(b) The directors elected under this section serve until directors are first elected under Section 884.153.
(1) adopt bylaws to govern the company; and
(2) elect the company's initial board of directors.
(b) The directors elected under this section serve until directors are first elected under Section 884.153.
Status: in_force · Read it on the official government site
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