Sec. 887.052. AMENDMENT OF BYLAWS. (a) A majority of an association's members present at a regular meeting or at a meeting called for the purpose may amend the association's bylaws.
(b) An association shall mail to all members notice of any regular or special meeting at which amendments to bylaws will be considered. The notice must contain:
(1) a complete copy of the proposed amendments; and
(2) a fair explanation of the intent and effect of the proposed amendments.
(c) An amendment must be ratified by the association's board of directors.
(d) An association shall file with the department, in the same manner provided for filing bylaws under Section 887.051, an amendment adopted by the association. An amendment is not effective unless approved by the department.
(e) An association shall mail to each member a certified copy of any amendment to the association's bylaws at the next assessment after the amendment to the bylaws is made.
(f) On adoption of an amendment to an association's bylaws that might affect the insurance rights of the association's members, the association shall immediately send a copy of the amendment by first class mail to each affected member. The burden of proof is on the association to prove that the association mailed the amendment.
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 887 - Provisions Applicable to Certain Mutual Assessment Companies
Subchapter B. General Powers and Duties; Officers and Directors
Section 887.052. Amendment of Bylaws
Section 887.054. Financial Officer; Bond
Section 887.055. Bond Requirements for Certain Persons
Section 887.056. Recovery on Bond
Section 887.058. Change of Association's Name
Section 887.059. Books and Records
Section 887.060. Annual Statement
Section 887.061. Report on Condition of Association