Tex. Ins. Code § 911.058 · Subchapter B. ORGANIZATION OF FARM MUTUAL INSURANCE COMPANY; DIRECTORS
MEMBERSHIP CONTROL OF COMPANY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The control of a farm mutual insurance company must be ultimately vested as provided by this chapter in the company's members through a supreme legislative or governing body, the members of which must be elected directly by the company's members or by delegates elected by the company's members.
(b) Through the company's governing body, the company's members may establish local chapters, branches, lodges, or similar organizations.
(c) The methods provided by this section for the control of a farm mutual insurance company are exclusive.
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 63e252c1745bdcac2b769821c4233cab00d08906e97c2555c92f03cffa4a8ea2
- 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.