Tex. Ins. Code Section 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.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Source: Section 883.056 — Board of Directors, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­883.­htm#883.­056 (accessed Apr. 29, 2024).

Accessed:
Apr. 29, 2024

§ 883.056’s source at texas​.gov