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Tex. Insurance Code § 912.051

APPLICABILITY OF TEXAS NON-PROFIT CORPORATION ACT

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 912.051, APPLICABILITY OF TEXAS NON-PROFIT CORPORATION ACT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/680405
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(a) Except to the extent of any conflict with this code, the Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil Statutes) applies to a county mutual insurance company. The commissioner has each power and duty of, and shall perform each act to be performed by, the secretary of state under that Act with respect to county mutual insurance companies. (b) On advance approval of the commissioner, a county mutual insurance company may pay dividends to its members.