{"data":{"id":"us-tx/tex.-insurance-code-822.151","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 822.151","heading":"CONDUCTING SHAREHOLDERS MEETING.","body":"(a) Except as otherwise provided by this code, at a meeting of an insurance company's shareholders to elect the company's board of directors or to transact other company business, a quorum is any number of shareholders whose cumulative ownership in the company represents at least 51 percent of the company's stock.\n(b) A shareholder may vote in person or by proxy.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE B. ORGANIZATION OF REGULATED ENTITIES","CHAPTER 822. GENERAL INCORPORATION AND REGULATORY REQUIREMENTS FOR INSURANCE COMPANIES OTHER THAN LIFE, HEALTH, OR ACCIDENT INSURANCE COMPANIES","SUBCHAPTER D. MANAGEMENT OF COMPANY"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.822.htm#822.151","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"6a86220c73a062fe4b4231543135fd1e7d1e791dec5e14a1b08717623cd790ea","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-822.101","next":"us-tx/tex.-insurance-code-822.152"},"notice":"GroundRules: Original legal text. Not legal advice."}