Tex. Ins. Code § 883.056

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

Section 883.056 - Board of Directors

(a) The board of directors named in a mutual insurance company's articles of incorporation shall manage the company until the initial meeting of the members of the company.

(b) After a mutual insurance company is issued a certificate of authority, the company's board of directors may:

(1) adopt bylaws;

(2) accept applications for insurance; and

(3) transact the business of the company.

Tex. Ins. Code § 883.056

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