Texas Insurance Code
§ 882.151 — BOARD OF DIRECTORS
IN § 882.151Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 882. MUTUAL LIFE INSURANCE COMPANIES · Art. D. MANAGEMENT OF MUTUAL LIFE INSURANCE COMPANY
Statute text
View on source(a)The board of directors of a mutual life insurance company controls the business of the company.
(b)The board of directors consists of at least five directors as stated in the company's articles of incorporation.
Legislative history
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.