Texas Utilities Code - Section 161.254. Dissolution Of Defectively Incorporated Electric Cooperative
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§ 161.254. DISSOLUTION OF DEFECTIVELY INCORPORATED
ELECTRIC COOPERATIVE. (a) An electric cooperative that purports
to have been incorporated or reincorporated under this chapter but
that has not complied with a requirement for legal corporate
existence may file a certificate of dissolution in the same manner
as a validly incorporated electric cooperative.
(b) The certificate of dissolution may be authorized by a
majority of the incorporators or directors at a meeting called by an
incorporator and held at the principal office of the cooperative
named in the articles of incorporation.
(c) The incorporator calling the meeting must give at least
10 days' notice of the meeting by mail to the last known post office
address of each incorporator or director.
Acts 1997, 75th Leg., ch. 166, § 1, eff. Sept. 1, 1997.
Section: 161.151 161.152 161.201 161.202 161.251 161.252 161.253 161.254 162.001 162.002 162.003 162.004 162.005 162.006 162.051
Last modified: August 10, 2007
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