1. (a) An electric cooperative that files defective articles of incorporation or fails to take an action necessary to perfect its corporate organization may:

   1. (1) file corrected articles of incorporation or amend the original articles; and
   2. (2) take any action necessary to correct the defect.
2. (b) An action taken under this section is valid and binding on any person concerned.

Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.