Texas Utilities Code

§ 161.201 — CONSOLIDATION

UT § 161.201Title 4. DELIVERY OF UTILITY SERVICES · Part A. UTILITY CORPORATIONS AND OTHER PROVIDERS · Ch. 161. ELECTRIC COOPERATIVE CORPORATIONS · Art. E. CONSOLIDATION OF ELECTRIC COOPERATIVES

Statute text

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(a)Two or more electric cooperatives may enter into an agreement to consolidate the cooperatives. The agreement must state:

(1)the terms of the consolidation;

(2)the name of the proposed consolidated cooperative;

(3)the number of directors of the proposed consolidated cooperative;

(4)the time of the annual meeting and election; and

(5)the names of at least three persons to be directors until the first annual meeting.

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Legislative history

Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.