Texas Insurance Code 845.052 – Organization Requirements
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Terms Used In Texas Insurance Code 845.052
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
The system must:
(1) be a corporation organized under the Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon’s Texas Civil Statutes); and
(2) consist of a combination of two or more hospital providers, each of which:
(A) is a member of the corporation; and
(B) is located in a rural area.