{"data":{"id":"us-tx/tex.-insurance-code-825.054","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 825.054","heading":"POLICYHOLDER ELIGIBILITY.","body":"To be eligible to participate in a policyholders' meeting held to approve a stock acquisition plan, a policyholder must have insurance coverage issued by the converting company that:\n(1) is in the amount of at least $1,000;\n(2) is in force on the date of the policyholders' meeting; and\n(3) has been in force for at least one year before the date of the policyholders' meeting.\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 825. CONVERSION OF STOCK INSURANCE COMPANY TO MUTUAL INSURANCE COMPANY","SUBCHAPTER B. STOCK ACQUISITION PLAN"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.825.htm#825.054","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"9a5dbc65a46c1854d7ecacfa69211274aa903b69ef8355461038fd8929b47923","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-825.053","next":"us-tx/tex.-insurance-code-825.055"},"notice":"GroundRules: Original legal text. Not legal advice."}