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Texas Statutes (Last Updated: January 4, 2014) |
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BUSINESS ORGANIZATIONS CODE |
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Title 6. ASSOCIATIONS |
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Chapter 251. COOPERATIVE ASSOCIATIONS |
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Subchapter C. MANAGEMENT |
Sec. 251.102. OFFICERS
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(a) The directors of a cooperative association shall annually elect, unless otherwise provided by the bylaws, the following officers for the cooperative association:
(1) a president;
(2) one or more vice presidents; and
(3) a secretary and treasurer or a secretary-treasurer.
(b) Any two or more offices, other than the offices of president and secretary, may be held by the same person.
(c) The officers of a cooperative association may be designated by other titles as provided by the certificate of formation or the bylaws of the cooperative association.
(d) A committee duly designated by the board of directors may perform the functions of any office, and the functions of any two or more officers may be performed by a single committee, including the functions of both president and secretary.