- (a) An electric cooperative may be dissolved by a majority vote of its members present in person or represented by proxy at a regular meeting or at a special meeting of its members called for that purpose.
(b) A certificate of dissolution must be:
- (1) signed by the president or vice president and attested by the secretary, certifying to the dissolution and stating that the officers have been authorized by a vote of the members under Subsection (a) to execute and file the certificate; and
- (2) executed, acknowledged, filed, and recorded in the same manner as original articles of incorporation of an electric cooperative.
- (c) The cooperative is dissolved when the secretary of state accepts the certificate of dissolution for filing and recording and issues a certificate of dissolution.
- (d) The secretary of state shall charge and collect a fee of $2.50 for filing articles of dissolution.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.