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Texas Insurance Code - INS § 885.055. Assembly As Supreme Governing Body

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

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

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

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

(b) The elected delegates to an assembly must:

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

(2) be entitled to cast the greater of:

(A) two-thirds of the votes in the assembly;  or

(B) the number of votes required to amend the fraternal benefit society's laws.

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

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 885.055. Assembly As Supreme Governing Body - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-885-055/

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