The Laws of Texas, 1927 [Volume 25] Page: 365 of 1,111
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GENERAL AND SPECIAL LAWS. 349
-such beneficiary of such money or benefits or rights in violation
of such provision shall be wholly void.
SEC. 3. The fact that there are no provisions of law by which
beneficiaries in life, health and accident insurance policies and
employees under annuities and benefits plan of their employers
are secured against creditors in the collection and enjoyment of
the benefits and payments provided for them, creates an emergency
and an imperative public necessity that the rule requiring
bills to be read on three several days be suspended, and that this
Act shall take effect and be in force from and after its passage,
and it is so enacted.
[NOTE.-S. B. No. 438 passed the Senate 26 yeas, 0 nays;
passed the House 87 yeas, 14 nays.]
Approved March 30, 1927.
Effective (90) ninety days after adjournment.
-DIRECTORS OF CERTAIN NON-PROFIT CORPORATIONS
MAY BE ELECTED FOR NOT EXCEEDING
THREE YEARS.
H. B. No. 626.] CHAPTER 235.
An Act to amend Article 1323 of Chapter 3 of Title 32 of the Revised
Civil Statutes of Texas of 1925 so as to provide that any corporation
formed under subdivisions 1, 2, and 3, of Chapter 1 of Title 32 of
such Revised Statutes may elect all or part of its directors for terms
of not exceeding three years and declaring an emergency.
Be it enacted by the Legislature of the State of Texas:
SECTION 1. That Article 1323 of Chapter 3, Title 32 of the
Revised Civil Statutes of the State of Texas of 1925 be and is
hereby amended so as to hereafter read as follows:
Article 1323. A majority of the Directors or Trustees shall
constitute a quorum and be competent to fill vacancies in the
Board and to transact all business of the Corporation. An annual
election shall be held for Directors or Trustees at such
time and place as the by-laws of the Corporation may require.
Provided that any corporation, formed under subdivisions 1, 2
and 3 of Chapter 1, Title 32 of the Revised Civil Statutes of
'Texas of 1925 may elect all or a part of its directors for terms
of not exceeding three years.
SEC. 2. That all laws and parts of laws in conflict herewith
be and are hereby repealed.
SEC. 3. The fact that certain of the Corporations in this
State organized for the support of public worship and for ben'evolent,
charitable, educational and missionary undertakings
and for literary, scientific and educational purposes, desire
that their Directors, or Trustees, shall have longer terms of of-
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Gammel, Hans Peter Mareus Neilsen. The Laws of Texas, 1927 [Volume 25], book, 1927; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth16125/m1/365/: accessed May 3, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .