Tex.
Agric. Code Section 52.052
Contents
(1)
the time, place, and manner of calling and conducting meetings of the association;(2)
the number and qualifications of the members;(3)
the number of members constituting a quorum;(4)
the right of members to vote by proxy, mail, or both and the conditions, method, and effects of the vote;(5)
the method by which a member that is an association may cast its vote;(6)
the number of directors constituting a quorum;(7)
the qualifications, compensation, duties, and terms of directors and officers;(8)
the time of the election of directors and officers and the method of giving notice of the election;(9)
the penalties for violations of the bylaws;(10)
the amount of entrance, organization, and membership fees, if any, the method of collecting the fees, and the purposes for which the association must use the fees;(11)
the amount, if any, that each member must pay for the association’s cost of conducting business;(12)
the amount that each member is required to pay for services rendered to the member by the association, the time of payment, and the method of collecting the payment;(13)
the marketing contract between the association and its members;(14)
the requirements for ownership of common stock;(15)
the time and method by which a member may withdraw from the association or may assign or transfer common stock;(16)
the method of assignment and transfer of a member’s interest or shares of common stock;(17)
the time and conditions on which membership ceases;(18)
the automatic suspension of a member’s rights if the member ceases to be eligible for membership;(19)
the method and effect of expulsion of a member;(20)
the purchase by the association of a member’s interest on the death, withdrawal, or expulsion of the member, on forfeiture of a membership, or at the option of the association; and(21)
the method by which the value of a member’s interest is determined by conclusive appraisal by the board of directors.
Source:
Section 52.052 — Contents, https://statutes.capitol.texas.gov/Docs/AG/htm/AG.52.htm#52.052 (accessed Apr. 29, 2024).
