Texas § 912.051 APPLICABILITY OF TEXAS NON-PROFIT CORPORATION ACT.

Texas Statutes

§ 912.051 — APPLICABILITY OF TEXAS NON-PROFIT CORPORATION ACT.

Texas § 912.051

Code INInsurance Code

This text of Texas § 912.051 (APPLICABILITY OF TEXAS NON-PROFIT CORPORATION ACT.) 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. § 912.051 (2026).

Text

Sec. 912.051. APPLICABILITY OF TEXAS NON-PROFIT CORPORATION ACT.

(a)Except to the extent of any conflict with this code, the Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil Statutes) applies to a county mutual insurance company. The commissioner has each power and duty of, and shall perform each act to be performed by, the secretary of state under that Act with respect to county mutual insurance companies.

(b)On advance approval of the commissioner, a county mutual insurance company may pay dividends to its members.

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

Sec. 912.051. APPLICABILITY OF TEXAS NON-PROFIT CORPORATION ACT. (a) Except to the extent of any conflict with this code, the Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil Statutes) applies to a county mutual insurance company. The commissioner has each power and duty of, and shall perform each act to be performed by, the secretary of state under that Act with respect to county mutual insurance companies.
(b) On advance approval of the commissioner, a county mutual insurance company may pay dividends to its members.