{"data":{"id":"us-tx/tex.-insurance-code-882.052","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 882.052","heading":"FORMATION OF COMPANY; ARTICLES OF INCORPORATION.","body":"(a) Nine or more persons who are residents of this state may form a mutual life insurance company by executing and acknowledging articles of incorporation for that purpose.\n(b) The articles of incorporation of the proposed company must state:\n(1) the name and residence of each incorporator;\n(2) the name of the company;\n(3) the location of the company's principal office at which company business is to be transacted;\n(4) the number of directors;\n(5) the name and residence of each initial director; and\n(6) the amount of the company's unencumbered surplus.\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 E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES","CHAPTER 882. MUTUAL LIFE INSURANCE COMPANIES","SUBCHAPTER B. FORMATION AND STRUCTURE OF MUTUAL LIFE INSURANCE COMPANY"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.882.htm#882.052","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"074e25ac36c0b81cd75cfcbd3dad1ef2cd88fa42c3d4d5d7633cec50ad8ee2bc","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-882.051","next":"us-tx/tex.-insurance-code-882.053"},"notice":"GroundRules: Original legal text. Not legal advice."}