Sec. 887.059. BOOKS AND RECORDS. (a) An association shall keep the association's books and records in a form and manner that:
(1) accurately reflects the condition of the association or the facts essential to the association's faithful and effective operation; and
(2) is acceptable to the department.
(b) The association shall adopt forms or systems that are acceptable to the department and will most effectively serve the purpose described by Subsection (a)(1).
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