Tex. Insurance Code § 885.052
CONTROL OF FRATERNAL BENEFIT SOCIETY
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 885.052, CONTROL OF FRATERNAL BENEFIT SOCIETY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/680076
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Full text
(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.