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Texas Business Organizations Code - Section 251.103. Removal Of Directors And Officers

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 251.103. Removal Of Directors And Officers

§ 251.103. REMOVAL OF DIRECTORS AND OFFICERS.  (a) A 
director or officer of a cooperative association may be removed 
from office in the manner provided by the certificate of formation 
or bylaws of the cooperative association.
	(b)  If the certificate of formation or bylaws do not provide 
for the person's removal, a director or officer may be removed with 
cause by a vote of a majority of the members voting at a regular or 
special meeting.  The director or officer who is to be removed is 
entitled to be heard at the meeting.
	(c)  Except as provided by the certificate of formation or 
bylaws, a vacancy on the board of directors caused by removal shall 
be filled by a director elected in the same manner provided by the 
bylaws for the election of directors.

Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.                     

Last modified: August 11, 2007