Texas § IN.885.063 - MERGER OR TRANSFER OF MEMBERSHIP OR FUNDS
Full text of Texas The Texas Constitution § IN.885.063 — MERGER OR TRANSFER OF MEMBERSHIP OR FUNDS, with citation guidance and answers to common questions.
§ IN.885.063. MERGER OR TRANSFER OF MEMBERSHIP OR FUNDS
MERGER OR TRANSFER OF MEMBERSHIP OR FUNDS. (a) A domestic fraternal benefit society may not merge with or accept a transfer of the membership or funds of another fraternal benefit society unless: (1) the merger or transfer is evidenced by a written contract that fully sets out the terms of the merger or transfer; and (2) the societies file with the department: (A) a copy of the contract; (B) a sworn statement of the financial condition of each society by its president and secretary or corresponding officers; and (C) a certificate of those officers, verified under oath, that the merger or transfer has been approved by a vote of two-thirds of the members of the supreme governing body of each society. (b) On submission, the commissioner shall examine the contract, financial statements, and certificates. The commissioner shall approve the merger or transfer and issue a certificate to that effect if the commissioner determines that: (1) the contract conforms with this section and Section 885.052 (d); (2) the financial statements are correct; (3) the merger or transfer is just and equitable to the members of each society; and (4) the new or surviving society complies with each requirement of a fraternal benefit society under this chapter. (c) A contract of merger or transfer takes effect on issuance of a certificate under Subsection (b). Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. SUBCHAPTER C. MEMBERS
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.885.063
What does The Texas Constitution § IN.885.063 cover?
Section IN.885.063 ("MERGER OR TRANSFER OF MEMBERSHIP OR FUNDS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.885.063?
A common citation format is "The Texas Constitution § IN.885.063" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.885.063 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.