Tex. Ins. Code § 829.107

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 829.107 - Approval of Plan By Eligible Members
(a) After notice that complies with this chapter, the converting exchange may convene a meeting to consider the conversion plan, and any eligible member entitled to vote on the proposed conversion plan may vote in person or by proxy at the meeting. Except as otherwise provided in the bylaws of the converting exchange, each eligible member may cast one vote.
(b) Adoption of the conversion plan requires the affirmative vote of at least two-thirds of the votes cast by eligible members.

Tex. Ins. Code § 829.107

Added by Acts 2007, 80th Leg., R.S., Ch. 412, Sec. 1, eff. 6/15/2007.