Sec. 887.453. MEMBERS MEETING; NOTICE. (a) On receipt of the commissioner's written approval of proposed plans under Section 887.452 or of the plans as amended to meet the commissioner's requirements in accordance with Chapter 882 , an association's board of directors or an officer of the association authorized by its bylaws to call a meeting of its members shall: (1) call a meeting of the association's members for voting on ratification of the proposed conversion or reinsurance; and (2) mail to each member of the association: (A) a copy of the proposed plans; and (B) a notice of the meeting. (b) The meeting may not be held before the 16th day after the date the notice is mailed under Subsection (a)(2).
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