Texas Insurance Code
§ 885.501 — DISCONTINUATION OF BUSINESS BY DOMESTIC FRATERNAL BENEFIT SOCIETY
IN § 885.501Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 885. FRATERNAL BENEFIT SOCIETIES · Art. K. TERMINATION OF FRATERNAL BENEFIT SOCIETY
Statute text
View on sourceA domestic fraternal benefit society's certificate of authority becomes void if the society:
(1)discontinues business for a period of one year; or
(2)has fewer than 400 members holding benefit certificates.
Legislative history
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.