{"data":{"id":"us-tx/tex.-insurance-code-884.151","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 884.151","heading":"CONDUCTING SHAREHOLDERS' MEETING.","body":"(a) At a meeting of a stipulated premium company's shareholders, each shareholder is entitled to one vote for each fully paid share of stock appearing in the shareholder's name on the company's books.\n(b) A shareholder may vote in person or by written proxy.\n(c) At a shareholders' meeting, a quorum is any number of shareholders whose cumulative stock ownership in the stipulated premium company represents a majority of the company's paid up capital stock.\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 E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES","CHAPTER 884. STIPULATED PREMIUM INSURANCE COMPANIES","SUBCHAPTER D. MANAGEMENT OF STIPULATED PREMIUM COMPANY"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.884.htm#884.151","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"8fa6d3b315c79b372a5ebff93147c5e872f3e1eec0daefccb08fd8a510b279b4","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-884.103","next":"us-tx/tex.-insurance-code-884.152"},"notice":"GroundRules: Original legal text. Not legal advice."}