Texas Insurance Code

§ 885.056 — ASSEMBLY MEETINGS; DIRECTORS

IN § 885.056Title 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)An assembly that is the supreme governing body of a fraternal benefit society shall:

(1)meet at least once every four years; and

(2)elect a board of directors to conduct the business of the society between meetings of the assembly.

(b)A vacancy on the board of directors that occurs between elections may be filled in the manner prescribed by the fraternal benefit society's laws.

Legislative history

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