(a) The shareholders of a stipulated premium company by resolution may amend the company’s charter or articles of incorporation at any shareholders’ meeting.
(b) The amendment and a copy of the resolution certified by the president and secretary of the stipulated premium company shall be filed and recorded in the same manner as the charter.

Terms Used In Texas Insurance Code 884.155

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.

(c) An amendment of the charter or articles takes effect when it is recorded.

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