Tex. Ins. Code § 885.501

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

Section 885.501 - Discontinuation of Business By Domestic Fraternal Benefit Society

A domestic fraternal benefit society's certificate of authority becomes void if the society:

(1) discontinues business for a period of one year; or

(2) has fewer than 400 members holding benefit certificates.

Tex. Ins. Code § 885.501

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