Texas Utilities Code - Section 161.201. Consolidation
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§ 161.201. CONSOLIDATION. (a) Two or more electric
cooperatives may enter into an agreement to consolidate the
cooperatives. The agreement must state:
(1) the terms of the consolidation;
(2) the name of the proposed consolidated cooperative;
(3) the number of directors of the proposed
consolidated cooperative;
(4) the time of the annual meeting and election; and
(5) the names of at least three persons to be directors
until the first annual meeting.
(b) A consolidation agreement may be approved only on the
votes of a majority of the members of each electric cooperative
present in person or represented by proxy at a regular meeting or at
a special meeting of its members called for that purpose.
Acts 1997, 75th Leg., ch. 166, § 1, eff. Sept. 1, 1997.
Section: 161.121 161.122 161.123 161.124 161.125 161.151 161.152 161.201 161.202 161.251 161.252 161.253 161.254 162.001 162.002
Last modified: August 10, 2007
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