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Texas Utilities Code - Section 161.058. Perfecting Defectively Organized Corporation

Legal Research Home > Texas Lawyer > Utilities Code > Texas Utilities Code - Section 161.058. Perfecting Defectively Organized Corporation

§ 161.058. PERFECTING DEFECTIVELY ORGANIZED 
CORPORATION.  (a) An electric cooperative that files defective 
articles of incorporation or fails to take an action necessary to 
perfect its corporate organization may:
		(1)  file corrected articles of incorporation or amend 
the original articles;  and
		(2)  take any action necessary to correct the defect.                         
	(b)  An action taken under this section is valid and binding 
on any person concerned.

Acts 1997, 75th Leg., ch. 166, § 1, eff. Sept. 1, 1997.                    

Last modified: August 10, 2007