Tex. Ins. Code § 886.102 · Subchapter C. POWERS AND DUTIES OF ASSOCIATION
APPLICABILITY OF TEXAS NON-PROFIT CORPORATION ACT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except to the extent of any conflict with this code, the Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil Statutes) applies to a local mutual aid association. The commissioner has each power and duty of, and shall perform each act to be performed by, the secretary of state under that Act with respect to local mutual aid associations.
(b) On advance approval of the commissioner, a local mutual aid association may pay dividends to its members.
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.886.htm
- Text hash
- sha256 54b0b4e1080098075862c6b3127b95b1eacb8a1b79fcb843468049f2b1decf03
- 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.