Tex. Ins. Code § 842.156 · Subchapter D. BOARD OF DIRECTORS; PERSONNEL
COMPENSATION OF CERTAIN OFFICERS AND EMPLOYEES.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
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.
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 9fa17119be53df2ffa22c9fe32d4196ed94d9caab0c05c03ec2140be8465f9c8
- 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.