APPOINTMENT OF CERTAIN PERSONS TO BOARD OF DIRECTORS PROHIBITED
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff
(a) This section does not apply to a relationship governed by Chapter 823.
(b) An insurer may not appoint to the insurer's board of directors an officer, director, employee, controlling shareholder, or submanager of a manager acting for that insurer.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.