Social Or Charitable Clubs Formed By Members of Converted Fraternal Benefit Society

Sec. 885.461. SOCIAL OR CHARITABLE CLUBS FORMED BY MEMBERS OF CONVERTED FRATERNAL BENEFIT SOCIETY. The members of a converted fraternal benefit society or the policyholders in the new corporation may form local clubs for social and charitable purposes. A club formed under this section: (1) may not be connected with the management of the corporation; and (2) does not affect the corporation's liability or the insurance in effect. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. SUBCHAPTER K. TERMINATION OF FRATERNAL BENEFIT SOCIETY