Texas Utilities Code - Section 161.202. Articles Of Consolidation
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§ 161.202. ARTICLES OF CONSOLIDATION. (a) The articles
of consolidation must:
(1) conform substantially to original articles of
incorporation of an electric cooperative; and
(2) be executed, acknowledged, filed, and recorded in
the same manner as original articles of incorporation.
(b) The directors named in the consolidation agreement
shall as incorporators sign and acknowledge the articles of
consolidation.
(c) The secretary of state shall charge and collect a fee of
$10 for filing articles of consolidation and issuing a certificate
of consolidation.
(d) When the secretary of state accepts the articles of
consolidation for filing and recording and issues a certificate of
consolidation, the proposed consolidated electric cooperative
described in the articles under its designated name exists as a body
corporate, with all the powers of an electric cooperative
originally organized under this chapter.
Acts 1997, 75th Leg., ch. 166, § 1, eff. Sept. 1, 1997.
Section: 161.122 161.123 161.124 161.125 161.151 161.152 161.201 161.202 161.251 161.252 161.253 161.254 162.001 162.002 162.003
Last modified: August 10, 2007
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