Tex. Ins. Code § 882.601
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
A mutual life insurance company organized under this chapter may convert to a stock legal reserve life insurance company as provided by this subchapter only if the conversion is approved by the policyholders by a vote of at least two-thirds of the votes cast by the policyholders in person or by proxy at a meeting called for that purpose.
Tex. Ins. Code § 882.601