Sec. 883.058. MEMBERSHIP VOTES

Latest version.

Each member of a mutual insurance company is entitled to one vote on each matter submitted to a vote unless a different number of votes is authorized by the company's bylaws based on:
(1) the insurance in force;
(2) the number of policies held by the member; or
(3) the amount of the premium paid by the member.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

                    
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