Sec. 885.054. REPRESENTATIVE FORM OF GOVERNMENT DEFINED. A fraternal benefit society has a representative form of government if:
(1) the society has a supreme governing body constituted as:
(A) an assembly, as described by Section 885.055; or
(B) a board, as described by Section 885.057;
(2) the officers of the society are elected by the supreme governing body or the board of directors;
(3) only a benefit member is eligible to serve as a member of the supreme governing body, the board of directors, or an intermediate assembly of the society;
(4) only a benefit member may vote on the management of the society's insurance affairs;
(5) a voting member of the society has only one vote; and
(6) a voting member of the society may not cast a vote by proxy.
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