Tex. Util. Code § 162.121 · Subchapter C. POWERS OF TELEPHONE COOPERATIVE
GENERAL POWERS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A telephone cooperative may:
(1) sue and be sued in its corporate name;
(2) adopt and alter a corporate seal and use the seal or a facsimile of the seal as required by law;
(3) construct, acquire, lease, improve, install, equip, maintain, and operate, and, subject to Sections 162.125 and 162.126, dispose of, lease, or encumber, communication lines, facilities or systems, lands, structures, plants and equipment, exchanges, and other property, considered appropriate to accomplish the purpose for which the cooperative is organized;
(4) issue membership certificates as provided by this chapter;
(5) borrow money and otherwise contract indebtedness, issue or guarantee notes, bonds, and other evidences of indebtedness, and secure the payment of indebtedness by pledge or other encumbrance on any or all of its property or revenue;
(6) conduct its business and exercise its powers inside or outside this state;
(7) adopt, amend, and repeal bylaws;
(8) make any contracts appropriate for the full exercise of the powers granted by this chapter; and
(9) perform any other acts and exercise any other power that may be appropriate to accomplish the purpose for which the cooperative is organized.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/UT/htm/UT.162.htm
- Text hash
- sha256 2ed1f19846750aa71e34feae765b3ec97963122dc7371190ffd26e6690c60574
- 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
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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.