Tex. Ins. Code Section 842.156
Compensation of Certain Officers and Employees

A paid officer or employee of a group hospital service corporation may not receive more than $20,000 annually as compensation for the officer’s or employee’s services unless a higher amount is first authorized by a vote of:

(1)

the board of directors of the corporation; or

(2)

a committee of the board of directors that is charged with the duty of authorizing that compensation.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Source: Section 842.156 — Compensation of Certain Officers and Employees, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­842.­htm#842.­156 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 842.156’s source at texas​.gov