Tex. Insurance Code § 885.055: ASSEMBLY AS SUPREME GOVERNING BODY.
Where this section sits in the code
- INSURANCE CODE
- TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES
- SUBTITLE E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES
- CHAPTER 885. FRATERNAL BENEFIT SOCIETIES
- SUBCHAPTER B. STRUCTURE OF FRATERNAL BENEFIT SOCIETY
(a) The supreme governing body of a fraternal benefit society is an assembly if the body is composed of:
(1) delegates elected directly by the members or at intermediate assemblies or conventions by the members or their representatives; and
(2) other delegates as prescribed by the fraternal benefit society's laws.
(b) The elected delegates to an assembly must:
(1) constitute a majority of the assembly in number; and
(2) be entitled to cast the greater of:
(A) two-thirds of the votes in the assembly; or
(B) the number of votes required to amend the fraternal benefit society's laws.
(c) A fraternal benefit society may provide for election of delegates by mail.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Collected 2026-08-27T01:47:21Z. Source file · JSON