Texas Insurance Code

§ 885.053 — LODGE SYSTEM DEFINED

IN § 885.053Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 885. FRATERNAL BENEFIT SOCIETIES · Art. B. STRUCTURE OF FRATERNAL BENEFIT SOCIETY

Statute text

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A fraternal benefit society is considered to be operating on the lodge system if the society:

(1)has a supreme governing body; and

(2)has lodges:

(A)into which members are admitted in accordance with the fraternal benefit society's laws, rituals, and rules; and

(B)that are required by the fraternal benefit society's laws to hold periodic meetings.

Legislative history

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