Tex. Ins. Code § 842.051 · Subchapter B. FORMATION AND STRUCTURE OF GROUP HOSPITAL SERVICE CORPORATION
APPLICATION FOR CORPORATE CHARTER; NONPROFIT STATUS REQUIRED.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Seven or more persons, a majority of whom are superintendents of hospitals or physicians licensed by the Texas State Board of Medical Examiners, may apply to the secretary of state for a corporate charter to operate a group hospital service corporation.
(b) A group hospital service corporation must be governed and operated as a nonprofit organization.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.842.htm
- Text hash
- sha256 b71c1db8f8a8a6e9a268af7866bfe66ad5bb1bdeb65cf5637e9f95da317be550
- 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.