{"data":{"id":"us-tx/tex.-insurance-code-883.056","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 883.056","heading":"BOARD OF DIRECTORS.","body":"(a) The board of directors named in a mutual insurance company's articles of incorporation shall manage the company until the initial meeting of the members of the company.\n(b) After a mutual insurance company is issued a certificate of authority, the company's board of directors may:\n(1) adopt bylaws;\n(2) accept applications for insurance; and\n(3) transact the business of the company.\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 883. MUTUAL INSURANCE COMPANIES OTHER THAN MUTUAL LIFE INSURANCE COMPANIES","SUBCHAPTER B. FORMATION, STRUCTURE, AND MANAGEMENT OF COMPANY"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.883.htm#883.056","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"679ae2f2e3f3e88d7e97d40e279da7a59a398db4a59951f02566206cf50c78cd","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-883.055","next":"us-tx/tex.-insurance-code-883.057"},"notice":"GroundRules: Original legal text. Not legal advice."}