Tex. Ins. Code § 885.052

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 885.052 - Control of Fraternal Benefit Society
(a) In this section, "control" has the meaning described by Sections 823.005 and 823.151.
(b) Control of a fraternal benefit society must be ultimately vested in the membership as provided by this chapter. Control of a fraternal benefit society may be exercised by lodges and a supreme governing body elected under Section 885.054.
(c) The methods provided by this section for exercising control over a fraternal benefit society are exclusive.
(d) Chapter 823 applies to a fraternal benefit society. Each change in control of a fraternal benefit society must be consistent with the nature of a fraternal benefit society as specified by this section, Sections 885.051, 885.053, and 885.054, and other applicable law.

Tex. Ins. Code § 885.052

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.