Tex. Ins. Code § 912.051 · Subchapter B. ORGANIZATION OF COUNTY MUTUAL INSURANCE COMPANY; DIRECTORS
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 county mutual insurance company. 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 county mutual insurance companies.
(b) On advance approval of the commissioner, a county mutual insurance company 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.912.htm
- Text hash
- sha256 9a1cc5934d36eb0669f1d53d03462f60d53ce8d1e797126f50921034e3ab7543
- 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.