Tex. Ins. Code § 911.062

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 911.062 - Removal of Officer or Director
(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.
(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.

Tex. Ins. Code § 911.062

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.