Sec. 826.108. FILING OF MINUTES, ARTICLES OF INCORPORATION, AND BYLAWS; EFFECTIVE DATE OF CONVERSION. (a) Not later than the 30th day after the date on which the eligible members approve the conversion plan, the converting company shall file with the commissioner:
(1) the minutes of the meeting at which the plan was approved; and
(2) the amended or restated articles of incorporation and bylaws of the resulting company.
(b) A conversion plan takes effect on the date that the amended or restated articles of incorporation are filed with the commissioner.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle B - Organization of Regulated Entities
Chapter 826 - Conversion of Mutual Insurance Company to Stock Insurance Company
Subchapter C. Adoption of Conversion Plan
Section 826.101. Plan Information Filed With Commissioner; Commissioner Powers and Duties
Section 826.102. Approval of Plan by Commissioner
Section 826.103. Amendments; Withdrawal of Plan
Section 826.104. Notice to Eligible Members; Comments
Section 826.105. Substantial Compliance With Notice Requirements
Section 826.106. Insolvent Converting Company; Notice Requirements