Tex. Insurance Code § 911.058
This is the official text of Tex. Insurance Code § 911.058, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 911.058. MEMBERSHIP CONTROL OF COMPANY.
Official statutory text
(a) The control of a farm mutual insurance company must be ultimately vested as provided by this chapter in the company's members through a supreme legislative or governing body, the members of which must be elected directly by the company's members or by delegates elected by the company's members.
(b) Through the company's governing body, the company's members may establish local chapters, branches, lodges, or similar organizations.
(c) The methods provided by this section for the control of a farm mutual insurance company are exclusive.
(b) Through the company's governing body, the company's members may establish local chapters, branches, lodges, or similar organizations.
(c) The methods provided by this section for the control of a farm mutual insurance company are exclusive.
Status: in_force · Read it on the official government site
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