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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The directors of a cooperative association shall annually elect, unless otherwise provided by the bylaws, the following officers for the cooperative association:
(1) a president;
(2) one or more vice presidents; and
(3) a secretary and treasurer or a secretary-treasurer.
(b) Any two or more offices, other than the offices of president and secretary, may be held by the same person.
(c) The officers of a cooperative association may be designated by other titles as provided by the certificate of formation or the bylaws of the cooperative association.
(d) A committee duly designated by the board of directors may perform the functions of any office, and the functions of any two or more officers may be performed by a single committee, including the functions of both president and secretary.
Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 251.102. Officers - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-251-102/
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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