Sec. 885.057. BOARD AS SUPREME GOVERNING BODY. (a) The supreme governing body of a fraternal benefit society is a board if the body is composed of:
(1) individuals elected directly by the members or at intermediate assemblies by the members or their representatives; and
(2) other individuals as prescribed by the fraternal benefit society's laws.
(b) The individuals elected to the board must:
(1) constitute a majority of the board in number; and
(2) have at least the number of votes required to amend the fraternal benefit society's laws, other than laws, if any, that must be amended by direct vote of the members.
(c) A fraternal benefit society may provide for election of the board by mail.
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