Tex. Insurance Code § 885.057

This is the official text of Tex. Insurance Code § 885.057, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.

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§ 885.057. BOARD AS SUPREME GOVERNING BODY.

Official statutory text

(a) The supreme governing body of a fraternal benefit society is a board if the body is composed of:

(1) individuals elected directly by the members or at intermediate assemblies by the members or their representatives; and

(2) other individuals as prescribed by the fraternal benefit society's laws.

(b) The individuals elected to the board must:

(1) constitute a majority of the board in number; and

(2) have at least the number of votes required to amend the fraternal benefit society's laws, other than laws, if any, that must be amended by direct vote of the members.

(c) A fraternal benefit society may provide for election of the board by mail.

Status: in_force · Read it on the official government site

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