Tex. Bus. Orgs. Code § 251.104 · Subchapter C. MANAGEMENT
REFERENDUM.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The certificate of formation or bylaws of a cooperative association may provide for a referendum on any action undertaken by the cooperative association's board of directors if the referendum is:
(1) requested by petition of 10 percent or more of all of the members of the cooperative association; or
(2) requested and approved by the vote of at least a majority of the directors of the cooperative association.
(b) The proposition to be voted on in a referendum authorized under Subsection (a) must be submitted to the members of the cooperative association for consideration within the time specified in the document authorizing the referendum.
(c) A right of a third party that has vested between the time of the action and the time of the referendum is not impaired by the referendum results.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BO/htm/BO.251.htm
- Text hash
- sha256 b1f95154c56de73e1be491a532209d839e9ab57c4f2e4927e4ff62254958c47b
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.