Sec. 886.105. TERRITORIAL LIMITATIONS. (a) A local mutual aid association may conduct business in any county in this state.
(b) If the articles of association of an association provide that the association engages in business only in a limited territory, the association may amend the articles to permit statewide business. After the amendment, the association is entitled to receive a certificate of authority permitting statewide business.
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 886 - Local Mutual Aid Associations
Subchapter C. Powers and Duties of Association
Section 886.101. General Powers of Association
Section 886.102. Applicability of Texas Non-Profit Corporation Act
Section 886.103. Articles of Association, Constitution, and Bylaws
Section 886.104. Benefits Authorized
Section 886.105. Territorial Limitations
Section 886.106. Connection With Other Associations Prohibited
Section 886.107. Annual Statement; Filing Fee