Texas Utilities Code - Section 161.054. Articles Of Incorporation
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§ 161.054. ARTICLES OF INCORPORATION. (a) The articles
of incorporation of an electric cooperative must state:
(1) the name of the cooperative;
(2) the purpose for which the cooperative is formed;
(3) the name and address of each incorporator;
(4) the number of directors;
(5) the address of the cooperative's principal office
and the name and address of its agent on whom process may be served;
(6) the duration of the cooperative;
(7) the terms under which a person is admitted to
membership and retains membership in the cooperative, unless the
articles expressly state that the determination of membership
matters is reserved to the directors by the bylaws; and
(8) any provisions that the incorporators include for
the regulation of the business and the conduct of the affairs of the
cooperative.
(b) The articles of incorporation do not need to state any
of the corporate powers enumerated in this chapter.
Acts 1997, 75th Leg., ch. 166, § 1, eff. Sept. 1, 1997.
Section: 161.002 161.003 161.004 161.005 161.051 161.052 161.053 161.054 161.055 161.056 161.057 161.058 161.059 161.060 161.061
Last modified: August 10, 2007
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