Tex. Ins. Code § 882.052 · Subchapter B. FORMATION AND STRUCTURE OF MUTUAL LIFE INSURANCE COMPANY
FORMATION OF COMPANY; ARTICLES OF INCORPORATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Nine or more persons who are residents of this state may form a mutual life insurance company by executing and acknowledging articles of incorporation for that purpose.
(b) The articles of incorporation of the proposed company must state:
(1) the name and residence of each incorporator;
(2) the name of the company;
(3) the location of the company's principal office at which company business is to be transacted;
(4) the number of directors;
(5) the name and residence of each initial director; and
(6) the amount of the company's unencumbered surplus.
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.882.htm
- Text hash
- sha256 c086fad4a0bdb5a0d1f44a5806067fd9cd63166cd24f94766197d80b361ad251
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 882.052. Each shows the citation as that text prints it.
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.