Texas Utilities Code - Section 161.056. Revival Of Articles Of Incorporation
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§ 161.056. REVIVAL OF ARTICLES OF INCORPORATION. (a) If
the articles of incorporation of an electric cooperative expire by
limitation, the cooperative, with the consent of a majority of its
members, may revive the articles by filing:
(1) new articles of incorporation under this chapter;
and
(2) a certified copy of the expired original articles.
(b) An electric cooperative that revives its articles of
incorporation has all the privileges, immunities, and rights of
property exercised and held by the cooperative at the time the
original articles expired.
(c) New articles of incorporation filed under this section
must recite the privileges, immunities, and rights of property
exercised and held by the cooperative at the time the original
articles expired.
Acts 1997, 75th Leg., ch. 166, § 1, eff. Sept. 1, 1997.
Section: 161.004 161.005 161.051 161.052 161.053 161.054 161.055 161.056 161.057 161.058 161.059 161.060 161.061 161.062 161.063
Last modified: August 10, 2007
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