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Texas Insurance Code - INS § 842.051. Application for Corporate Charter; Nonprofit Status Required

Current as of January 01, 2024 | Updated by FindLaw Staff

(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.

(b) A group hospital service corporation must be governed and operated as a nonprofit organization.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 842.051. Application for Corporate Charter; Nonprofit Status Required - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-842-051/

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