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Current as of January 01, 2024 | Updated by Findlaw Staff
The bylaws may provide for one or more of the following:
(1) the time, place, and manner of calling and conducting meetings of the association;
(2) the number and qualifications of the members;
(3) the number of members constituting a quorum;
(4) the right of members to vote by proxy, mail, or both and the conditions, method, and effects of the vote;
(5) the method by which a member that is an association may cast its vote;
(6) the number of directors constituting a quorum;
(7) the qualifications, compensation, duties, and terms of directors and officers;
(8) the time of the election of directors and officers and the method of giving notice of the election;
(9) the penalties for violations of the bylaws;
(10) the amount of entrance, organization, and membership fees, if any, the method of collecting the fees, and the purposes for which the association must use the fees;
(11) the amount, if any, that each member must pay for the association's cost of conducting business;
(12) the amount that each member is required to pay for services rendered to the member by the association, the time of payment, and the method of collecting the payment;
(13) the marketing contract between the association and its members;
(14) the requirements for ownership of common stock;
(15) the time and method by which a member may withdraw from the association or may assign or transfer common stock;
(16) the method of assignment and transfer of a member's interest or shares of common stock;
(17) the time and conditions on which membership ceases;
(18) the automatic suspension of a member's rights if the member ceases to be eligible for membership;
(19) the method and effect of expulsion of a member;
(20) the purchase by the association of a member's interest on the death, withdrawal, or expulsion of the member, on forfeiture of a membership, or at the option of the association; and
(21) the method by which the value of a member's interest is determined by conclusive appraisal by the board of directors.
Cite this article: FindLaw.com - Texas Agriculture Code - AGRIC § 52.052. Contents - last updated January 01, 2024 | https://codes.findlaw.com/tx/agriculture-code/agric-sect-52-052/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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