{"data":{"id":"us-tx/tex.-insurance-code-841.153","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 841.153","heading":"ELECTION OF DIRECTORS.","body":"(a) After a domestic insurance company completes the organization of the company under Section 841.063, the company shall hold an annual meeting of the company's shareholders on the fourth Tuesday in April at the home office of the company to elect the company's board of directors.\n(b) After the directors are first elected under this section, the annual meeting must be held each year as established by the company's bylaws. The directors serve one-year terms beginning immediately after the election, except as provided by Section 841.154.\n(c) If the shareholders do not elect directors at an annual meeting, the shareholders may elect the directors at a special shareholders' meeting called for that purpose.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.\nAmended by:\nActs 2021, 87th Leg., R.S., Ch. 380 (S.B. 918), Sec. 3, eff. September 1, 2021.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE C. LIFE, HEALTH, AND ACCIDENT INSURERS AND RELATED ENTITIES","CHAPTER 841. LIFE, HEALTH, OR ACCIDENT INSURANCE COMPANIES","SUBCHAPTER D. MANAGEMENT OF COMPANY"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.841.htm#841.153","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"c047b1ff788da2d2effee816a0dc19b0e78debe2bb7b48f2ca34a2e8ee15a307","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-841.152","next":"us-tx/tex.-insurance-code-841.154"},"notice":"GroundRules: Original legal text. Not legal advice."}