Tex. Utils. Code Section 162.301
Dissolution

(a)

A telephone cooperative may be dissolved by a two-thirds vote of all the members of the cooperative. The vote must be taken at a regular meeting or at a special meeting of its members called for that purpose. Votes must be cast in person.

(b)

A certificate of dissolution must be:

(1)

signed by the president or vice president and attested by the secretary, certifying to the dissolution and stating that the officers have been authorized by a vote of the members under Subsection (a) to execute and file the certificate; and

(2)

executed, acknowledged, filed, and recorded in the same manner as original articles of incorporation of a telephone cooperative.

(c)

The cooperative is dissolved when the secretary of state accepts the certificate of dissolution for filing and recording and issues a certificate of dissolution.

(d)

The secretary of state shall charge and collect:

(1)

a fee of $5 for filing a certificate of election to dissolve; and

(2)

a fee of $5 for filing articles of dissolution.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.

Source: Section 162.301 — Dissolution, https://statutes.­capitol.­texas.­gov/Docs/UT/htm/UT.­162.­htm#162.­301 (accessed May 26, 2025).

162.001
Short Title 162.002
Purpose 162.003
Definitions 162.004
Certain Corporate Names Prohibited 162.005
Effect of Recording Certain Mortgages Executed by Telephone Cooperatives 162.006
Construction Standards 162.051
Incorporators 162.052
Duration of Corporation 162.053
Name of Telephone Cooperative 162.054
Articles of Incorporation 162.055
Filing and Recording of Articles of Incorporation 162.056
Revival of Articles of Incorporation 162.057
Organizational Meeting 162.058
Perfecting Defectively Organized Corporations 162.059
Nonprofit Operation 162.060
Members Not Liable for Debts of Telephone Cooperative 162.061
License Fee 162.062
Exemption from Excise Taxes 162.063
Exemption from Application of Securities Act 162.064
Bylaws 162.065
Membership 162.066
Patrons 162.067
Meetings of Members 162.068
Notice of Members’ Meeting 162.069
Waiver of Notice 162.070
Members’ Meeting: Quorum and Voting 162.071
Board of Directors 162.072
Election of Directors 162.073
Compensation of Directors 162.074
Insurance for Directors 162.075
Board Meetings 162.076
Districts 162.077
Officers, Agents, and Employees 162.078
Executive Committee 162.079
Indemnification 162.080
Change of Location of Principal Office 162.081
Director, Officer, or Member Acting as Notary 162.082
Applicability to Corporations Organized Under Other Law 162.121
General Powers 162.122
Powers Relating to Provision of Communication Service 162.123
Connection and Interconnection of Facilities 162.124
Eminent Domain 162.125
Encumbrance and Disposition of Property Without Members’ Authorization 162.126
Encumbrance, Lease, and Disposition of Property with Members’ Authorization 162.151
Amendment of Articles of Incorporation 162.152
Presentation and Approval of Proposed Amendment 162.153
Articles of Amendment 162.154
Filing of Articles of Amendment 162.201
Consolidation 162.202
Articles of Consolidation 162.203
Merger 162.204
Articles of Merger 162.205
Effect of Consolidation or Merger 162.251
Conversion of Corporation into Telephone Cooperative 162.252
Articles of Conversion 162.253
Consolidation and Conversion of Corporations into Telephone Cooperative 162.254
Articles of Consolidation and Conversion 162.301
Dissolution 162.302
Existence Following Dissolution 162.303
Distribution of Net Assets on Dissolution 162.304
Dissolution of Defectively Incorporated Telephone Cooperative
Green check means up to date. Up to date

Verified:
May 26, 2025

§ 162.301. Dissolution's source at texas​.gov