Sec. 2054.101. GENERAL POWERS OF BOARD. The board has full authority over the company and may:
(1) perform any act necessary or convenient to administer the company or in connection with the company's insurance business; and
(2) function in all aspects as the governing body of a domestic mutual insurance company.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
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