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Tex. Ins. Code § 885.260

SPECIFIED PAYMENTS

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff

(a) A fraternal benefit society may provide in the fraternal benefit society's laws and benefit certificates for specified payments on account of the expense or general fund.

(b) A payment under this section may or may not be mingled with the general fund of the fraternal benefit society as provided by the society's constitution and bylaws.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.