Sec. 885.501. Discontinuation of Business by Domestic Fraternal Benefit Society.
Sec. 885.501. DISCONTINUATION OF BUSINESS BY DOMESTIC FRATERNAL BENEFIT SOCIETY. A domestic fraternal benefit society's certificate of authority becomes void if the society:
(1) discontinues business for a period of one year; or
(2) has fewer than 400 members holding benefit certificates.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
