{"data":{"id":"us-tx/tex.-insurance-code-911.062","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 911.062","heading":"REMOVAL OF OFFICER OR DIRECTOR.","body":"(a) The board of directors of a farm mutual insurance company, at a meeting, may remove an officer or director of the company if, by a two-thirds majority vote of all the company's directors, the board determines that the removal of the individual is in the best interest of the company. The board may remove an officer or director under this subsection without stating a reason for the removal.\n(b) The board may appoint one or more individuals to assume the duties and serve the unexpired term of an officer or director removed under this section.\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 F. FARM AND COUNTY MUTUAL INSURANCE COMPANIES","CHAPTER 911. FARM MUTUAL INSURANCE COMPANIES","SUBCHAPTER B. ORGANIZATION OF FARM MUTUAL INSURANCE COMPANY; DIRECTORS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.911.htm#911.062","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"b64ee9013e3c564f5a715cae5e7292704b24e5e5c437b18e45f935cae6e6dca2","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-911.061","next":"us-tx/tex.-insurance-code-911.063"},"notice":"GroundRules: Original legal text. Not legal advice."}