SUBCHAPTER C. ADOPTION OF CONVERSION PLAN

Sec. 826.101.  PLAN INFORMATION FILED WITH COMMISSIONER;  COMMISSIONER POWERS AND DUTIES.  Not later than the 90th day after the date on which a converting company's board of directors adopts a conversion plan, the company shall file with the commissioner:
(1)  a copy of the documents relating to the conversion plan, including the valuation required by Section 826.054(a);
(2)  the form of notice required by Section 826.104;
(3)  the form of proxy to be solicited from eligible members under Section 826.107(a);
(4)  the form of notice required by Section 826.151 to persons whose policies are issued after adoption of the conversion plan but before the effective date of the conversion plan;
(5)  the proposed amended or restated articles of incorporation of the resulting company;
(6)  a statement regarding acquisition of control, if applicable, as required by Chapter 823;  and
(7)  any other information requested by the commissioner.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.