Texas § 842.156 COMPENSATION OF CERTAIN OFFICERS AND EMPLOYEES.

Texas Statutes

§ 842.156 — COMPENSATION OF CERTAIN OFFICERS AND EMPLOYEES.

Texas § 842.156

Code INInsurance Code

This text of Texas § 842.156 (COMPENSATION OF CERTAIN OFFICERS AND EMPLOYEES.) 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. § 842.156 (2026).

Text

Sec. 842.156. COMPENSATION OF CERTAIN OFFICERS AND EMPLOYEES. A paid officer or employee of a group hospital service corporation may not receive more than $20,000 annually as compensation for the officer's or employee's services unless a higher amount is first authorized by a vote of:

(1)the board of directors of the corporation; or

(2)a committee of the board of directors that is charged with the duty of authorizing that compensation. SUBCHAPTER E. REGULATION OF GROUP HOSPITAL SERVICE CORPORATIONS

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 842.156. COMPENSATION OF CERTAIN OFFICERS AND EMPLOYEES. A paid officer or employee of a group hospital service corporation may not receive more than $20,000 annually as compensation for the officer's or employee's services unless a higher amount is first authorized by a vote of:
(1) the board of directors of the corporation; or
(2) a committee of the board of directors that is charged with the duty of authorizing that compensation.
SUBCHAPTER E. REGULATION OF GROUP HOSPITAL SERVICE CORPORATIONS