Texas Utilities Code

§ 162.254 — ARTICLES OF CONSOLIDATION AND CONVERSION

UT § 162.254Title 4. DELIVERY OF UTILITY SERVICES · Part A. UTILITY CORPORATIONS AND OTHER PROVIDERS · Ch. 162. TELEPHONE COOPERATIVE CORPORATIONS · Art. F. CONVERSION OF CORPORATION INTO TELEPHONE COOPERATIVE

Statute text

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(a)The approved articles of consolidation and conversion:

(1)shall be executed, acknowledged, and sealed as prescribed by Section 162.252 and by the law under which the consolidating and converting corporations were organized;

(2)must:

(A)state that they are executed under this chapter and the law under which the corporations were organized and that each consolidating corporation elects that the new corporation be a cooperative; and

(B)contain all other information required by the law under which the corporations were organized; and

(3)may contain any provision consistent with this chapter considered appropriate for the conduct of the business of the cooperative.

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Legislative history

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