Tex. Ins. Code Section 829.102
Amendments; Withdrawal of Plan

Before a conversion plan takes effect, a converting exchange may amend or withdraw the plan by the affirmative vote of at least two-thirds of the members of its board of directors or, if the exchange does not have a board of directors, by approval of the attorney in fact. The written consent of the commissioner is required for any amendment to a conversion plan adopted after the commissioner has approved the plan under Section 829.106 (Approval of Plan by Commissioner).
Added by Acts 2007, 80th Leg., R.S., Ch. 412 (S.B. 1056), Sec. 1, eff. June 15, 2007.

Source: Section 829.102 — Amendments; Withdrawal of Plan, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­829.­htm#829.­102 (accessed May 11, 2024).

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Accessed:
May 11, 2024

§ 829.102’s source at texas​.gov