Texas Statutes
§ 885.261 — CONTROL OF FUND BY LODGE.
Texas § 885.261
JurisdictionTexas
Code INInsurance Code
This text of Texas § 885.261 (CONTROL OF FUND BY LODGE.) 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. § 885.261 (2026).
Text
Sec. 885.261. CONTROL OF FUND BY LODGE.
(a)This section applies if the constitution and bylaws of the grand lodge or governing body of a fraternal benefit society:
(1)provide that all or part of the beneficiary, mortuary, or insurance fund of the society that is paid by or collected from the members of a lodge may be retained in the custody of and controlled and managed by the lodge; and
(2)designate an officer of the lodge to have custody and control of a fund described by Subdivision (1) and authority to loan or invest the fund.
(b)A lodge officer having custody and control of a fund described by Subsection (a)(1) shall execute a bond or other written instrument to be prescribed and approved in terms and amount by the commissioner to indemnify the fund against waste, depletion, or lo
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Legislative History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Nearby Sections
15
§ 885.001
DEFINITIONS.§ 885.003
EXEMPTION FROM TAXATION.§ 885.006
TREATMENT OF CERTAIN GRAND LODGES.§ 885.051
FRATERNAL BENEFIT SOCIETY DEFINED.§ 885.053
LODGE SYSTEM DEFINED.§ 885.055
ASSEMBLY AS SUPREME GOVERNING BODY.§ 885.056
ASSEMBLY MEETINGS; DIRECTORS.§ 885.057
BOARD AS SUPREME GOVERNING BODY.§ 885.058
BOARD MEMBERS; MEETINGS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 885.261, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/885.261.