Tex. Ins. Code § 911.054 · Subchapter B. ORGANIZATION OF FARM MUTUAL INSURANCE COMPANY; DIRECTORS
CHARTER AND ARTICLES OF INCORPORATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The charter and articles of incorporation of an association that wants to form a farm mutual insurance company must state the names and post office addresses of at least 25 charter members of the company, all of whom are residents of one or more adjoining counties in this state and each of whom must:
(1) be a member of the association;
(2) own at least $5,000 of insurable property for which the member has applied in writing for insurance coverage from the company to be formed; and
(3) sign the charter and articles of incorporation.
(b) In addition to the requirements of Subsection (a), the charter must:
(1) be acknowledged before a notary public by at least five of the charter members described by Subsection (a);
(2) state:
(A) the name of the company, which must include the words "Farm Mutual" or "Farmers Mutual";
(B) the location of the company's principal office;
(C) the number, names, and post office addresses of each of the company's first directors, of which there must be at least five; and
(D) the type of property the company will insure and the risk to be insured against; and
(3) include any other provision the incorporators want consistent with this chapter.
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.911.htm
- Text hash
- sha256 efc1946f2fd9ec987c4a7924b7caa6598c8559df4af91408ce7cdaede6448a1e
- 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 § 911.054. Each shows the citation as that text prints it.
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