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Texas Insurance Code - INS § 885.057. Board 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 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.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 885.057. Board As Supreme Governing Body - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-885-057/

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