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Texas Insurance Code

§ 882.052 — FORMATION OF COMPANY; ARTICLES OF INCORPORATION

IN § 882.052Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 882. MUTUAL LIFE INSURANCE COMPANIES · Art. B. FORMATION AND STRUCTURE OF MUTUAL LIFE INSURANCE COMPANY

Statute text

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(a)Nine or more persons who are residents of this state may form a mutual life insurance company by executing and acknowledging articles of incorporation for that purpose.
(b)The articles of incorporation of the proposed company must state:
(1)the name and residence of each incorporator;
(2)the name of the company;
(3)the location of the company's principal office at which company business is to be transacted;
(4)the number of directors;

Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.