Texas Business Organizations Code - Section 251.254. One Member--One Vote
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Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 251.254. One Member--One Vote
§ 251.254. ONE MEMBER--ONE VOTE. (a) Except as provided
by Subsection (b), a member of a cooperative association has one
vote.
(b) If a cooperative association includes among its
membership another cooperative association or a group that is
organized on a cooperative basis, the voting rights of the
cooperative association member or group member may be prescribed by
the certificate of formation or bylaws of the cooperative
association.
(c) Any voting agreement or other device that is made to
evade the one-member-one-vote rule is not enforceable.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 251.201 251.202 251.203 251.204 251.251 251.252 251.253 251.254 251.255 251.256 251.257 251.301 251.302 251.351 251.352
Last modified: August 11, 2007
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