Texas Insurance Code

§ 885.055 — ASSEMBLY AS SUPREME GOVERNING BODY

IN § 885.055Title 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)The supreme governing body of a fraternal benefit society is an assembly if the body is composed of:

(1)delegates elected directly by the members or at intermediate assemblies or conventions by the members or their representatives; and

(2)other delegates as prescribed by the fraternal benefit society's laws.

(b)The elected delegates to an assembly must:

(1)constitute a majority of the assembly in number; and

(2)be entitled to cast the greater of:

…

Legislative history

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