Texas Statutes
§ 251.104 — REFERENDUM.
Texas § 251.104
JurisdictionTexas
Code BOBusiness Organizations Code
This text of Texas § 251.104 (REFERENDUM.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Business Organizations Code Code Ann. § 251.104 (2026).
Text
Sec. 251.104. REFERENDUM.
(a)The certificate of formation or bylaws of a cooperative association may provide for a referendum on any action undertaken by the cooperative association's board of directors if the referendum is:
(1)requested by petition of 10 percent or more of all of the members of the cooperative association; or
(2)requested and approved by the vote of at least a majority of the directors of the cooperative association.
(b)The proposition to be voted on in a referendum authorized under Subsection (a) must be submitted to the members of the cooperative association for consideration within the time specified in the document authorizing the referendum.
(c)A right of a third party that has vested between the time of the action and the time of the referendum is not impaired
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Legislative History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Nearby Sections
15
§ 251.001
DEFINITIONS.§ 251.003
EXEMPTION.§ 251.051
ORGANIZATION MEETING.§ 251.053
BYLAWS.§ 251.054
RESTATED CERTIFICATE OF FORMATION.§ 251.101
BOARD OF DIRECTORS.§ 251.102
OFFICERS.§ 251.103
REMOVAL OF DIRECTORS AND OFFICERS.§ 251.104
REFERENDUM.§ 251.151
ELIGIBILITY AND ADMISSION.§ 251.152
EXPULSION.§ 251.153
SUBSCRIBERS.§ 251.154
LIABILITY.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 251.104, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/251.104.