{"data":{"id":"us-tx/tex.-insurance-code-842.051","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 842.051","heading":"APPLICATION FOR CORPORATE CHARTER; NONPROFIT STATUS REQUIRED.","body":"(a) Seven or more persons, a majority of whom are superintendents of hospitals or physicians licensed by the Texas State Board of Medical Examiners, may apply to the secretary of state for a corporate charter to operate a group hospital service corporation.\n(b) A group hospital service corporation must be governed and operated as a nonprofit organization.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE C. LIFE, HEALTH, AND ACCIDENT INSURERS AND RELATED ENTITIES","CHAPTER 842. GROUP HOSPITAL SERVICE CORPORATIONS","SUBCHAPTER B. FORMATION AND STRUCTURE OF GROUP HOSPITAL SERVICE CORPORATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.842.htm#842.051","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"81e31eca436edb597adbfdcfe5f6118b574c8ee8d6be907123f07c8fb36bd914","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-842.003","next":"us-tx/tex.-insurance-code-842.052"},"notice":"GroundRules: Original legal text. Not legal advice."}