Texas Business Organizations Code
Sec. § 251.053


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of formation or bylaws of a cooperative association require a greater majority, the bylaws may be adopted, amended, or repealed by a majority vote of the cooperative association’s members voting on the matter.


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


requirements for admission to membership;


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


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


the number or percentage of the members constituting a quorum;


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


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


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


the compensation, if any, of the directors;


the number of directors necessary to constitute a quorum;


the method for distributing the net savings;


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


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


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.
Last accessed
Jul. 13, 2020