{"data":{"id":"us-tx/tex.-insurance-code-884.153","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 884.153","heading":"ELECTION OF DIRECTORS.","body":"(a) On the second Tuesday of April of each year the shareholders of a stipulated premium company shall meet at the company's home office and shall elect the company's board of directors to serve one-year terms beginning immediately after the election.\n(b) If the shareholders do not elect directors at that 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.","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#884.153","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"c4890e95a04f2d8d9a43cc7b8e8376028457f7c86f8306ee19237d15dc3f226c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-884.152","next":"us-tx/tex.-insurance-code-884.154"},"notice":"GroundRules: Original legal text. Not legal advice."}