Sec. 885.054. REPRESENTATIVE FORM OF GOVERNMENT DEFINED. A fraternal benefit society has a representative form of government if: (1) the society has a supreme governing body constituted as: (A) an assembly, as described by Section 885.055 ; or (B) a board, as described by Section 885.057 ; (2) the officers of the society are elected by the supreme governing body or the board of directors; (3) only a benefit member is eligible to serve as a member of the supreme governing body, the board of directors, or an intermediate assembly of the society; (4) only a benefit member may vote on the management of the society's insurance affairs; (5) a voting member of the society has only one vote; and (6) a voting member of the society may not cast a vote by proxy.
‹ 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.