Texas Insurance Code

§ 885.454 — CONVERSION DOCUMENTS

IN § 885.454Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 885. FRATERNAL BENEFIT SOCIETIES · Art. J. CONVERSION OF FRATERNAL BENEFIT SOCIETY

Statute text

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(a)A fraternal benefit society that converts to a mutual life insurance company or incorporated stock company shall file with the department:

(1)the certificate of incorporation as adopted or amended; and

(2)a report of the meeting of lodge representatives, certified by the presiding officers under the corporate seal of the fraternal benefit society.

(b)The certificate of incorporation must be incorporated in the charter of the proposed company.

Legislative history

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