Section 52.052 - Contents The bylaws may provide for one or more of the following:
(1) the time, place, and manner of calling and conducting meetings of the association;(2) the number and qualifications of the members;(3) the number of members constituting a quorum;(4) the right of members to vote by proxy, mail, or both and the conditions, method, and effects of the vote;(5) the method by which a member that is an association may cast its vote;(6) the number of directors constituting a quorum;(7) the qualifications, compensation, duties, and terms of directors and officers;(8) the time of the election of directors and officers and the method of giving notice of the election;(9) the penalties for violations of the bylaws;(10) the amount of entrance, organization, and membership fees, if any, the method of collecting the fees, and the purposes for which the association must use the fees;(11) the amount, if any, that each member must pay for the association's cost of conducting business;(12) the amount that each member is required to pay for services rendered to the member by the association, the time of payment, and the method of collecting the payment;(13) the marketing contract between the association and its members;(14) the requirements for ownership of common stock;(15) the time and method by which a member may withdraw from the association or may assign or transfer common stock;(16) the method of assignment and transfer of a member's interest or shares of common stock;(17) the time and conditions on which membership ceases;(18) the automatic suspension of a member's rights if the member ceases to be eligible for membership;(19) the method and effect of expulsion of a member;(20) the purchase by the association of a member's interest on the death, withdrawal, or expulsion of the member, on forfeiture of a membership, or at the option of the association; and(21) the method by which the value of a member's interest is determined by conclusive appraisal by the board of directors.Tex. Agric. Code § 52.052
Acts 1981, 67th Leg., p. 1108, ch. 388, Sec. 1, eff. 9/1/1981.