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Current as of April 14, 2021 | Updated by FindLaw Staff
(a) If a cooperative association required by Section 251.353 to file a copy of a report with the secretary of state does not file the report within the prescribed time, the secretary of state shall send written notice of the requirement to the cooperative association at the cooperative association's principal office not later than the 60th day after the date the report becomes due.
(b) If a cooperative association required by Section 251.353 to file a report at the cooperative association's registered office, but not with the secretary of state, fails to file the report within the prescribed time, the secretary of state or any member of the cooperative association may send written notice of the requirement to the cooperative association's principal office.
(c) If the cooperative association does not file the report before the 61st day after the date notice is sent under Subsection (a) or (b), a member of the cooperative association or the attorney general may seek a writ of mandamus against the cooperative association and the appropriate officer or officers to compel the filing of the report. The court shall require the cooperative association or the officer who is determined to be at fault to pay the expenses of the proceeding, including attorney's fees.
Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 251.354. Failure to File Report - last updated April 14, 2021 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-251-354/
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 or via Westlaw before relying on it for your legal needs.
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