Tex. Util. Code § 162.251 · Subchapter F. CONVERSION OF CORPORATION INTO TELEPHONE COOPERATIVE
CONVERSION OF CORPORATION INTO TELEPHONE COOPERATIVE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A corporation organized under the laws of this state that furnishes or is authorized to furnish communication service may be converted into a telephone cooperative in accordance with this subchapter. On conversion, the corporation is subject to this chapter as if it had been originally organized under this chapter.
(b) The proposition for the conversion and proposed articles of conversion must be submitted at a meeting of the members or stockholders of the corporation or, in the case of a corporation that does not have members or stockholders, at a meeting of the incorporators of the corporation. A copy of the proposed articles of conversion must be attached to the notice of the meeting.
(c) A proposed conversion and proposed articles of conversion, with any amendments, may be approved only on the affirmative vote of:
(1) at least two-thirds of the members of the corporation voting on the proposed conversion and articles;
(2) the holders of at least two-thirds of the shares of the capital stock of the corporation represented at the meeting and voting on the proposition and articles, if the corporation is a stock corporation; or
(3) at least two-thirds of the corporation's incorporators, if the corporation does not have members or outstanding shares of capital stock.
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 3a6e2c071a48d2a4993670c9ff6f602d92a11b9c7dd15a79c1fbbf8bf8f6e02c
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Util. Code § 162.251. Each shows the citation as that text prints it.
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