{"data":{"id":"us-tx/tex.-business-organizations-code-251.053","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 251.053","heading":"BYLAWS.","body":"(a) Unless the certificate of formation or bylaws of a cooperative association require a greater majority, the bylaws may be adopted, amended, or repealed by a majority vote of the cooperative association's members voting on the matter.\n(b) Except as provided by this code, the bylaws may contain:\n(1) requirements for admission to membership;\n(2) requirements for disposal of a member's interest on cessation of membership;\n(3) the time, place, and manner of calling and conducting meetings;\n(4) the number or percentage of the members constituting a quorum;\n(5) the number, qualifications, powers, duties, and term of directors and officers;\n(6) the method of electing, removing, and filling a vacancy of directors and officers;\n(7) the division or classification, if any, of directors to provide for staggered terms;\n(8) the compensation, if any, of the directors;\n(9) the number of directors necessary to constitute a quorum;\n(10) the method for distributing the net savings;\n(11) a requirement that each officer or employee of the cooperative association who handles funds or securities be bonded;\n(12) other discretionary provisions of this chapter, Title 1, and Chapters 20 and 22; and\n(13) any other provision incident to a purpose or activity of the cooperative association.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 6. ASSOCIATIONS","CHAPTER 251. COOPERATIVE ASSOCIATIONS","SUBCHAPTER B. FORMATION AND GOVERNING DOCUMENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.251.htm#251.053","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"0eb0c05923b89a0c1932b27bdd434fad16f104740f38f9d932c435e26bc0184e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-251.052","next":"us-tx/tex.-business-organizations-code-251.054"},"notice":"GroundRules: Original legal text. Not legal advice."}