Tex. Ins. Code § 2204.054

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 2204.054 - Directors

(a) The directors shall operate and manage the exchange in accordance with rules adopted under Section 2204.003.

(b) The directors shall be elected by the members and any other person authorized by the exchange's constitution and bylaws to vote in an election of directors.

(c) At least two-thirds of the directors must be citizens of the United States.

Tex. Ins. Code § 2204.054

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. 4/1/2007.