Sec. 883.056.  BOARD OF DIRECTORS.  (a)  The board of directors named in a mutual insurance company's articles of incorporation shall manage the company until the initial meeting of the members of the company.
(b)  After a mutual insurance company is issued a certificate of authority, the company's board of directors may:
(1)  adopt bylaws;
(2)  accept applications for insurance;  and
(3)  transact the business of the company.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.