Sec. 841.063. ORGANIZATION MEETING. (a) After receipt of the certified copy of documents under Section 841.061(c), the incorporators shall promptly call a meeting of the domestic insurance 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 841.153.
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 C - Life, Health, and Accident Insurers and Related Entities
Chapter 841 - Life, Health, or Accident Insurance Companies
Subchapter B. Formation and Structure of Domestic Companies
Section 841.051. Formation of Company
Section 841.052. Articles of Incorporation
Section 841.054. Capital Stock and Surplus Requirements
Section 841.055. Shares of Stock
Section 841.056. Requirements for Shares of Stock With Par Value
Section 841.057. Requirements for Shares of Stock Without Par Value
Section 841.058. Application for Charter
Section 841.059. Action by Commissioner and Department After Filing
Section 841.061. Action on Application