Public-domain · open source
OpenJurist

Tex. Util. Code § 162.203

MERGER

Known as the Telephone Cooperative Act

The act spans §§ 162–162 (61 sections).

Acts 1997, 75th Leg., ch. 166, Sec. 1, eff

(a) One or more telephone cooperatives may merge into another cooperative as provided by this section and Section 162.204.

(b) The proposition for the merger and proposed articles of merger must be submitted at a meeting of the members of each merging cooperative and the surviving cooperative. A copy of the proposed articles of merger must be attached to the notice of each meeting.

(c) A proposed merger and proposed articles of merger, with any amendments, may be approved only on the affirmative vote of at least two-thirds of the members of each cooperative voting on the proposed merger and articles.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.