Sec. 861.151. AUTHORITY OF BOARD OF DIRECTORS. Subject to the bylaws of the company as adopted or amended by the shareholders or directors, the board of directors of a general casualty company has full control and management of the company.
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 D - Casualty Companies
Chapter 861 - General Casualty Companies
Subchapter D. Powers and Duties of General Casualty Company
Section 861.151. Authority of Board of Directors
Section 861.152. General Powers of Company
Section 861.153. Authorized Shares
Section 861.155. Interference With Conduct of Business Prohibited; Exceptions