Tex. Ins. Code § 885.461

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 885.461 - Social or Charitable Clubs Formed By Members of Converted Fraternal Benefit Society

The members of a converted fraternal benefit society or the policyholders in the new corporation may form local clubs for social and charitable purposes. A club formed under this section:

(1) may not be connected with the management of the corporation; and

(2) does not affect the corporation's liability or the insurance in effect.

Tex. Ins. Code § 885.461

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