actuatedby the same legislativepolicy and intent. They pertainto the same subjectmatter insofaras Articles2.18 and 3.69 are concernedand are thereforein par1 materia. Accordingly, they shouldbe construedtogether.
Admittedly,there are limitationsupon the applicabilityof the BusinessCorporationAct to insurancecompaniesby the terms of the Act itself. Article2.OlB (4) in effect preventsany insurance companyfrom:
(1) Adoptingthe BusinessCorporationAct.
(2) Organizingunder the BusinessCorporationAct.
(3) Obtainingauthorityto transactbusinessin this State in accordancewith the procedureprescribedby the T.B.C.A. (This obviouslyhas referenceto foreign corporations.) ,. - -- ~.~_ -. ... . \ i _
Hon. WilliamA. Harrison,page 3 (WW-490)
Article 2.Ol.B(4) does not precludeby its terms the appli- cabilityof the T.B.C.A.to insurancecompaniesin those cases in which the InsuranceCode is silent,but merely preventsan insurancecompany from doing one of the three acts mentioned. Since the InsuranceCode providesmethods for organizationof domesticinsurancecompanies,the provisionsof the InsuranceCode would controlthe procedurefor organi- zation of a domesticinsurancecompany;and since under Articles2.18 and 3.69 of the InsuranceCode the general corporatelaw controlsonly when "not inconsistent" with the InsuranceCode, the provisionsof Ar- ticles 2.18 and 3.69 precludedomesticinsurancecorporationsfrom or- ganizingunder the generalcorporatelaw, whetherthat law is found in the BusinessCorporationAct or in Title 32, V.C.S. In like manner, foreign insurancecompaniesobtaintheir certificateof authorityto transactbusinessin this State in accordancewith the proceduresset out in the InsuranceCode ratherthan the proceduresset out in the general corporatelaw. Thus, in the absenceof the limitations(2) and (3) describedabove, a domesticcorporationcouldnot have organ- ized under the BusinessCorporationAct nor could a foreigncorporation obtain a certificateof authorityto do businessin this State under the BusinessCorporationAct. Therefore,these two (2) limitations are not determinativeof the questionasked. The effect of adopting the BusinessCorporationAct is that after the adoption,all provisions of the BusinessCorporationAct apply. (Articleg.lkC (4), T.B.C.A.) Such a resultwhen appliedto an insurancecompanywould clearlybe wholly inconsistentwith the regulatoryschemeof the InsuranceCode. Likewise,this limitationis not determinativeof the question.
Article 9.14A,T.B.C.A.,provides:
"Art. 9.14. To What CorporationsThis Act Applies; Procedurefor Adoptionof Act by ExistingCorporations.
"A. This Act does not apply to corporationsorgan- ized for the purposeof operatingbanks, trust companies, buildingand loan associationsor companies,insurance companiesof every type or characterthat operateunder insurancelaws of this State and corporateattorneysin fact for reciprocalor interinsurance exchanges,rail- road companies,cemeterycompanies,cooperativesor lim- ited cooperativeassociations,labor unions,or abstract. and title insurancecompanieswhose purposesare provided for and powers are prescribedby Chapter9 of the Insur- ante Code of this State,nor to corporationsorganized for the purposeof operatingnonprofitinstitutions, in- cludingbut not limitedto those devotedto charitable, benevolent,religious,patriotic,civic, cultural,mis- sionary,educational,scientific,social,fraternal, athletic,or aestheticpurposes;provided,however,that if any of said exceptedcorporationsare hereafterorgan- ized under specialstatuteswhich containno provisions 'I li I
.
Hon. William A. Rarrison,page 4 (WW-490)
in regard to some of the mattersprovidedfor in this Act, or if such specialetatutesspecifically providethat the general laws for incorporationshall supplementthe pro- visions of such statutes,then the provisionsof this Act shall apply to the extentthat they are not inconsistent with the provisionsof such specialstatutes." (Emphasis added.)
Observethat the corporations exceptedby the generallanguage set forth in Articleg.lkA,T.B.C.A.,from the generalapplicability of the BusinessCorporationAct may, nevertheless,have it supplement and apply to them under the followingconditions:
(1) When the corporationis "hereafterorganized".
(2) Under a specialstatute.
(3) Containing
A. No provisionsin regardto some mattersprovided in the BusinessCorporationAct.
B. Or containinga specificprovisionthat the gen- eral laws for incorporations shall