Texas Business Organizations Code

§ 251.101 — BOARD OF DIRECTORS

BO § 251.101Title 6. ASSOCIATIONS · Ch. 251. COOPERATIVE ASSOCIATIONS · Art. C. MANAGEMENT

(a)Except as provided by Subsections (b) and (c), a cooperative association is managed by a board of directors in accordance with Chapter 22.

(b)The board shall contain at least five directors elected by and from the cooperative association's members. A director:

(1)serves a term not to exceed three years as provided by the bylaws; and

(2)holds office until the director is removed or the director's successor is elected.

(c)The bylaws of a cooperative association may:

(1)apportion the number of directors among the units into which the cooperative association may be divided; and

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Legislative history

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.