Tex. Bus. Orgs. Code Section 251.053
Bylaws

(a)

Unless the certificate of formation or bylaws of a cooperative association require a greater majority, the bylaws may be adopted, amended, or repealed by a majority vote of the cooperative association’s members voting on the matter.

(b)

Except as provided by this code, the bylaws may contain:

(1)

requirements for admission to membership;

(2)

requirements for disposal of a member’s interest on cessation of membership;

(3)

the time, place, and manner of calling and conducting meetings;

(4)

the number or percentage of the members constituting a quorum;

(5)

the number, qualifications, powers, duties, and term of directors and officers;

(6)

the method of electing, removing, and filling a vacancy of directors and officers;

(7)

the division or classification, if any, of directors to provide for staggered terms;

(8)

the compensation, if any, of the directors;

(9)

the number of directors necessary to constitute a quorum;

(10)

the method for distributing the net savings;

(11)

a requirement that each officer or employee of the cooperative association who handles funds or securities be bonded;

(12)

other discretionary provisions of this chapter, Title 1, and Chapters 20 (General Provisions) and 22 (Nonprofit Corporations); and

(13)

any other provision incident to a purpose or activity of the cooperative association.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Source: Section 251.053 — Bylaws, https://statutes.­capitol.­texas.­gov/Docs/BO/htm/BO.­251.­htm#251.­053 (accessed Apr. 20, 2024).

Green check means up to date. Up to date

Accessed:
Apr. 20, 2024

§ 251.053’s source at texas​.gov