Tex. Ins. Code § 882.054 · Subchapter B. FORMATION AND STRUCTURE OF MUTUAL LIFE INSURANCE COMPANY
INITIAL BOARD OF DIRECTORS; TERM.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
An initial director named as provided in Section 882.052 serves until:
(1) the first annual election of directors;
(2) the initial director's successor qualifies for office; or
(3) the initial director is removed from the board for improper practices.
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 5efcd05cc3078a186ca9e28ced9ec44906d551a5455397b5a2b14b0eb06d1b64
- 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
This section cites
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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.