Texas Statutes
§ 842.051 — APPLICATION FOR CORPORATE CHARTER; NONPROFIT STATUS REQUIRED.
Texas § 842.051
JurisdictionTexas
Code INInsurance Code
This text of Texas § 842.051 (APPLICATION FOR CORPORATE CHARTER; NONPROFIT STATUS REQUIRED.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Insurance Code Code Ann. § 842.051 (2026).
Text
Sec. 842.051. APPLICATION FOR CORPORATE CHARTER; NONPROFIT STATUS REQUIRED.
(a)Seven or more persons, a majority of whom are superintendents of hospitals or physicians licensed by the Texas State Board of Medical Examiners, may apply to the secretary of state for a corporate charter to operate a group hospital service corporation.
(b)A group hospital service corporation must be governed and operated as a nonprofit organization.
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Legislative History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Nearby Sections
15
§ 842.001
DEFINITIONS.§ 842.002
APPLICABILITY OF OTHER LAWS.§ 842.052
MINIMUM MEMBERSHIP REQUIREMENTS.§ 842.151
BOARD OF DIRECTORS.§ 842.152
COMPENSATION OF DIRECTORS.§ 842.153
BOARD MEETINGS.§ 842.155
TREASURER'S BOND.§ 842.201
ANNUAL STATEMENT; FILING FEE.§ 842.202
RESERVE REQUIREMENTS.§ 842.203
FINAL JUDGMENT DEPOSIT.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 842.051, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/842.051.