Sec. 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.
‹ Prev All Texas sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.