Sec. 162.301. DISSOLUTION. (a) A telephone cooperative may be dissolved by a two-thirds vote of all the members of the cooperative. The vote must be taken at a regular meeting or at a special meeting of its members called for that purpose. Votes must be cast in person.
(b) A certificate of dissolution must be:
(1) signed by the president or vice president and attested by the secretary, certifying to the dissolution and stating that the officers have been authorized by a vote of the members under Subsection (a) to execute and file the certificate; and
(2) executed, acknowledged, filed, and recorded in the same manner as original articles of incorporation of a telephone cooperative.
(c) The cooperative is dissolved when the secretary of state accepts the certificate of dissolution for filing and recording and issues a certificate of dissolution.
(d) The secretary of state shall charge and collect:
(1) a fee of $5 for filing a certificate of election to dissolve; and
(2) a fee of $5 for filing articles of dissolution.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.
Section: Previous 162.152 162.153 162.154 162.201 162.202 162.203 162.204 162.205 162.251 162.252 162.253 162.254 162.301 162.302 162.303 NextLast modified: September 28, 2016