(a) The articles of incorporation of a telephone cooperative must:
- (1) state that the articles are executed under this chapter;
- (2) be signed by each incorporator and acknowledged by at least two incorporators; and
(3) state:
- (A) the name of the cooperative;
- (B) the purpose for which the cooperative is formed;
- (C) the name and address of each incorporator;
- (D) the number of directors;
- (E) the address of the cooperative's principal office and the name and address of its agent on whom process may be served;
- (F) the duration of the cooperative;
- (G) the terms under which a person is admitted to membership and retains membership in the cooperative, unless the articles expressly state that the determination of membership matters is reserved to the directors by the bylaws; and
- (H) any provisions that the incorporators include for the regulation of the business and the conduct of the affairs of the cooperative.
- (b) The articles of incorporation do not need to state any of the corporate powers enumerated in this chapter.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.