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Tex. Ins. Code § 885.305

ORGANIZATION AS BENEFICIARY

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

A fraternal benefit society may provide in the fraternal benefit society's laws for the issuance to its members of benefit certificates under which an association, society, or corporation that is organized and operated for religious, eleemosynary, or educational purposes is named as beneficiary.

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