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Texas Business Organizations Code

§ 251.254 — ONE MEMBER--ONE VOTE

BO § 251.254Title 6. ASSOCIATIONS · Ch. 251. COOPERATIVE ASSOCIATIONS · Art. F. MEETINGS AND VOTING

Statute text

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(a)Except as provided by Subsection (b), a member of a cooperative association has one vote.
(b)If a cooperative association includes among its membership another cooperative association or a group that is organized on a cooperative basis, the voting rights of the cooperative association member or group member may be prescribed by the certificate of formation or bylaws of the cooperative association.
(c)Any voting agreement or other device that is made to evade the one-member-one-vote rule is not enforceable.

Legislative history

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

Source: Texas Business Organizations Code § 251.254 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.