Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES |
Subtitle D. CASUALTY COMPANIES |
Chapter 861. GENERAL CASUALTY COMPANIES |
Subchapter B. FORMATION AND STRUCTURE OF GENERAL CASUALTY COMPANY |
Sec. 861.053. PRELIMINARY OFFICERS AND DIRECTORS
Latest version.
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The incorporators shall choose from among themselves a president, a secretary, a treasurer, and at least three directors who continue in office until:
(1) the first anniversary of the date the articles of incorporation are filed; and
(2) their successors are chosen and qualify.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.