Tex. Ins. Code § 2054.101 · Subchapter C. MANAGEMENT OF COMPANY

GENERAL POWERS OF BOARD.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

The board has full authority over the company and may:

(1) perform any act necessary or convenient to administer the company or in connection with the company's insurance business; and

(2) function in all aspects as the governing body of a domestic mutual insurance company.

Notes and commentary — not statutory text

History

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.

Source of truth

Edition: Current through the 89th 2nd Called Legislative Session, 2025
Official file: https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2054.htm
Text hash: sha256 4dc3fd6c9dabe680f91cecacc8acd9205439de414f6133b4410b30cf591dac25
Composed by: compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.