Texas Insurance Code

§ 885.058 — BOARD MEMBERS; MEETINGS

IN § 885.058Title 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 term of a member of a board that is the supreme governing body of a fraternal benefit society may not exceed four years.

(b)A vacancy on the board that occurs between elections may be filled in the manner prescribed by the fraternal benefit society's laws. An individual filling the unexpired term of an elected board member is considered to be an elected member.

(c)A board shall meet at least annually to conduct the business of the fraternal benefit society.

Legislative history

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