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Current as of January 01, 2024 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 251.254. One Member--One Vote - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-251-254/
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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