(a) The articles of consolidation must:
- (1) conform substantially to original articles of incorporation of a telephone cooperative; and
- (2) be executed, acknowledged, filed, and recorded in the same manner as original articles of incorporation.
- (b) The directors named in the consolidation agreement shall as incorporators sign and acknowledge the articles of consolidation.
- (c) The secretary of state shall charge and collect a fee of $50 for filing articles of consolidation.
- (d) When the secretary of state accepts the articles of consolidation for filing and recording and issues a certificate of consolidation, the proposed consolidated telephone cooperative described in the articles under its designated name exists as a body corporate, with all the powers of a telephone cooperative originally organized under this chapter.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.