Sec. 885.052. CONTROL OF FRATERNAL BENEFIT SOCIETY. (a) In this section, "control" has the meaning described by Sections 823.005 and 823.151.
(b) Control of a fraternal benefit society must be ultimately vested in the membership as provided by this chapter. Control of a fraternal benefit society may be exercised by lodges and a supreme governing body elected under Section 885.054.
(c) The methods provided by this section for exercising control over a fraternal benefit society are exclusive.
(d) Chapter 823 applies to a fraternal benefit society. Each change in control of a fraternal benefit society must be consistent with the nature of a fraternal benefit society as specified by this section, Sections 885.051, 885.053, and 885.054, and other applicable law.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle E - Mutual and Fraternal Companies and Related Entities
Chapter 885 - Fraternal Benefit Societies
Subchapter B. Structure of Fraternal Benefit Society
Section 885.051. Fraternal Benefit Society Defined
Section 885.052. Control of Fraternal Benefit Society
Section 885.053. Lodge System Defined
Section 885.054. Representative Form of Government Defined
Section 885.055. Assembly as Supreme Governing Body
Section 885.056. Assembly Meetings; Directors
Section 885.057. Board as Supreme Governing Body
Section 885.058. Board Members; Meetings
Section 885.059. Location of Meetings of Supreme Governing Body
Section 885.060. Fraternal Benefit Society's Laws Binding
Section 885.061. Amendment of Fraternal Benefit Society's Laws