Texas Business Organizations Code - Section 251.101. Board Of Directors
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§ 251.101. BOARD OF DIRECTORS. (a) Except as provided by
Subsections (b) and (c), a cooperative association is managed by a
board of directors in accordance with Chapter 22.
(b) The board shall contain at least five directors elected
by and from the cooperative association's members. A director:
(1) serves a term not to exceed three years as provided
by the bylaws; and
(2) holds office until the director is removed or the
director's successor is elected.
(c) The bylaws of a cooperative association may:
(1) apportion the number of directors among the units
into which the cooperative association may be divided; and
(2) provide for the election of the directors by the
respective units to which the directors are apportioned.
(d) An executive committee of the board of directors may be
elected in the manner and with the powers and duties specified by
the certificate of formation or bylaws.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 251.001 251.002 251.003 251.051 251.052 251.053 251.054 251.101 251.102 251.103 251.104 251.151 251.152 251.153 251.154
Last modified: August 11, 2007
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