Texas Insurance Code
§ 885.057 — BOARD AS SUPREME GOVERNING BODY
IN § 885.057Title 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
View on source(a)The supreme governing body of a fraternal benefit society is a board if the body is composed of:
(1)individuals elected directly by the members or at intermediate assemblies by the members or their representatives; and
(2)other individuals as prescribed by the fraternal benefit society's laws.
(b)The individuals elected to the board must:
(1)constitute a majority of the board in number; and
(2)have at least the number of votes required to amend the fraternal benefit society's laws, other than laws, if any, that must be amended by direct vote of the members.
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Legislative history
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.