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Current as of January 01, 2024 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 911.058. Membership Control of Company - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-911-058/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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