Texas § IN.841.154 - STAGGERED TERMS FOR DIRECTORS
Full text of Texas The Texas Constitution § IN.841.154 — STAGGERED TERMS FOR DIRECTORS, with citation guidance and answers to common questions.
§ IN.841.154. STAGGERED TERMS FOR DIRECTORS
STAGGERED TERMS FOR DIRECTORS. (a) Repealed by Acts 2021, 87th Leg., R.S., Ch. 380 (S.B. 918 ), Sec. 5, eff. September 1, 2021. (b) The bylaws of a domestic insurance company may provide that the company's directors, other than initial directors, may be elected to serve staggered terms as provided by this section. (c) The company's directors shall be divided into two or three classes, with each class consisting of an equal number of directors to the extent possible. After the directors are divided into classes: (1) the terms of the directors in the first class expire on the first annual meeting date after their initial election; (2) the terms of the directors in the second class expire on the second annual meeting date after their initial election; and (3) the terms of the directors in the third class, if any, expire on the third annual meeting date after their initial election. (d) At each annual meeting after the directors are first elected, the shareholders shall elect the number of directors whose terms expire on that date. Directors are elected for: (1) staggered two-year terms, if the board is divided into two classes; or (2) staggered three-year terms, if the board is divided into three classes. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by: Acts 2021, 87th Leg., R.S., Ch. 380 (S.B. 918 ), Sec. 4, eff. September 1, 2021. Acts 2021, 87th Leg., R.S., Ch. 380 (S.B. 918 ), Sec. 5, eff. September 1, 2021.
Frequently Asked Questions About Texas § IN.841.154
What does The Texas Constitution § IN.841.154 cover?
Section IN.841.154 ("STAGGERED TERMS FOR DIRECTORS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.841.154?
A common citation format is "The Texas Constitution § IN.841.154" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.841.154 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.