Texas Utilities Code 162.064 – Bylaws
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(a) The board shall adopt the initial bylaws of a telephone cooperative to be adopted following:
(1) an incorporation;
(2) a consolidation; or
(3) an amendment by an existing cooperative, corporation, or association of its articles of incorporation as provided by § 162.082.
(b) After the initial bylaws are adopted, the members may adopt, amend, or repeal the bylaws by the affirmative vote of a majority of those members voting on the question at a meeting of the members.
Terms Used In Texas Utilities Code 162.064
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(c) The bylaws may contain any provision for the regulation and management of the affairs of the telephone cooperative that is consistent with the articles of incorporation.