# Tex. Insurance Code § 823.007: DESCRIPTION OF VOTING SECURITY

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.007

## Section

- **Citation:** Tex. Insurance Code § 823.007
- **Heading:** DESCRIPTION OF VOTING SECURITY
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code in / Chapter 823 / Section 823.007

## Text

For purposes of this chapter, a voting security is a security or an instrument that:

(1) has the power at a meeting of shareholders of a person to vote for or against the election of directors of the person or any other matter involving the direction of the management and policies of the person; or

(2) under rules adopted by the commissioner in the public interest, the commissioner considers to be of similar nature to that described by Subdivision (1) and considers necessary or appropriate to treat as a voting security.

## Nearby sections

- [Tex. Insurance Code § 823.001 § 823.001. FINDINGS AND PURPOSE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.001.md)
- [Tex. Insurance Code § 823.002 § 823.002. DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.002.md)
- [Tex. Insurance Code § 823.003 § 823.003. CLASSIFICATION AS AFFILIATE OR SUBSIDIARY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.003.md)
- [Tex. Insurance Code § 823.004 § 823.004. CLASSIFICATION AS COMMERCIALLY DOMICILED INSURER.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.004.md)
- [Tex. Insurance Code § 823.005 § 823.005. DESCRIPTION OF CONTROL; DETERMINATION OF CONTROL.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.005.md)
- [Tex. Insurance Code § 823.006 § 823.006. DESCRIPTION OF INSURANCE HOLDING COMPANY SYSTEM.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.006.md)
- [Tex. Insurance Code § 823.007 § 823.007. DESCRIPTION OF VOTING SECURITY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.007.md)
- [Tex. Insurance Code § 823.008 § 823.008. STANDARD FOR DETERMINING SURPLUS REASONABLENESS AND ADEQUACY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.008.md)
- [Tex. Insurance Code § 823.009 § 823.009. SITUS OF SECURITIES OF DOMESTIC INSURER.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.009.md)
- [Tex. Insurance Code § 823.010 § 823.010. DISCLAIMER OF AFFILIATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.010.md)
- [Tex. Insurance Code § 823.011 § 823.011. CONFIDENTIALITY OF INFORMATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.011.md)
- [Tex. Insurance Code § 823.012 § 823.012. RULES; PROCEDURES FOR CONSIDERING CERTAIN DISTRIBUTIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.012.md)
- [Tex. Insurance Code § 823.013 § 823.013. MANDAMUS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.013.md)
- [Tex. Insurance Code § 823.014 § 823.014. APPLICABILITY OF CHAPTER TO FOREIGN OR ALIEN INSURER.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.014.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C823_S823.007. Check the current official text before relying on it. Not legal advice.