Texas Insurance Code
§ 882.152 — ADOPTION OF INITIAL BYLAWS
IN § 882.152Title 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)At the first meeting of the initial board of directors of a mutual life insurance company after the department issues a certificate of authority to the company, the board shall adopt the initial bylaws of the company.
(b)The bylaws adopted under Subsection (a) shall govern the company until the first annual meeting of the board of directors.
Legislative history
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.