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Section 1.06. Transfer, Conversion and Termination of Membership

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SECTION 1.06. TRANSFER, CONVERSION AND TERMINATION OF MEMBERSHIP

(a) Membership in the Cooperative shall not be transferable except as hereinafter otherwise provided, and upon cessation of existence, expulsion or withdrawal of a Member, the Membership of such Member shall thereupon terminate. Termination of Membership in any manner shall not release the Member from the debts or liabilities of such Member to the Cooperative.

(b) A Membership may be converted to a Joint Membership upon written request of the holder together with written application by the spouse or other prospective Joint Member for Membership, and the agreement by such holder and his or her spouse or the other prospective Joint Member to comply with the Articles of Incorporation and these Bylaws, and the rules and regulations adopted by the Board of Directors, as any of the foregoing may be amended from time to time.  Re-submittal of the Cooperative’s form of Application for Membership executed by both parties as Joint Members shall constitute compliance with this section.  Such conversion shall be made and recorded on the books of the Cooperative.

(c) Upon the death of either party to a Joint Membership, the Membership shall be deemed to be held solely by the survivor with the same effect as though such Membership had been originally issued solely to him or her, as the case may be; provided, however, that the estate of the deceased shall not be released from any Membership debts or liabilities to the Cooperative.

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357 North Washington Street
P.O. Box 490 l  La Grange, TX 78945

(979) 968-3181  l  (866) 968-3181
Pay by phone (979) 968-4220 l  (866) 968-4220

Fax (979) 968-6752
Office hours: 8:00 A.M. - 5:00 P.M. M-F

Fayette Electric Cooperative is an equal opportunity provider and employer

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©2021 Fayette Electric Cooperative, Inc. All Rights Reserved

  • Home
  • My Account
    • SmartHub
    • Billing Information
    • Payment Options
      • Average Payment Plan
      • Bank Draft
      • Credit Card Draft
      • Deferred Payment Plan
      • SmartHub
  • My FEC
    • Existing Service
      • Credit Terms & Conditons
      • Fees
      • Membership Form
      • Meter Number at Location
      • Privacy Policy
    • New Service
      • Credit Terms & Conditions
      • Easement
      • Fees
      • Membership Form
      • Meter Loop Specifications/Electrical Wiring
      • Privacy Policy
    • Membership Meetings
    • Capital Credits
    • Texas Co-op Power Magazine
    • Co-op Connections Card
    • Gift Certificates
  • My Community
    • Youth Tour
    • Scholarships
    • Rural Friends/ACRE
    • For Kids and Teachers
  • My Environment
    • Together We Save
      • Touchstone Energy
    • HVAC Rebate Program
    • Tree Planting Guidelines
    • Tree Trimming
    • Renewable Energy
  • Outages
    • Report an Outage
      • Life Support
    • Steps in Restoring Power
  • Safety
    • Generator Safety
    • Safety Demonstrations
    • Safe Outdoors
    • Storm Center
      • Keep Food Safe
      • Storm Safety Kit
  • About FEC
    • Contact Us
    • History
    • Board of Directors
      • Director Elections
      • Director Qualifications
      • Duties and Responsibilities
      • Voting for Directors
    • General Manager & Staff
    • About Cooperatives
      • Cooperative Principles
    • Bylaws
      • Article IX — Waiver of Notice
      • Article X — Disposition of Property
      • Article XI — Fiscal Year
      • Article XII — Membership in Other Organizations
      • Article XIII — Seal
      • Article XIV — Amendments
      • Counting Ballots
      • Election of Directors
      • Nomination at District Meetings
      • Section 1.01. Requirements of Membership
      • Section 1.02. Joint Membership
      • Section 1.03. Membership Fee
      • Section 1.04. Certificates of Membership
      • Section 1.05. Member Purchase of Electric Energy or Cooperative Service
      • Section 1.06. Transfer, Conversion and Termination of Membership
      • Section 1.07. Expulsion of Members
      • Section 2.02. Withdrawal of Membership
      • Section 2.03. Removal of Directors and Officers
      • Section 2.04. Membership Lists
      • Section 3.01. Annual Meeting
      • Section 3.02. Special Meetings
      • Section 3.03. Notice of Member Meetings
      • Section 3.04 Quorum
      • Section 3.05. Voting
      • Section 3.06. Voting Districts
      • Section 3.07. Nomination and Election of Directors
      • Section 3.08. Procedure
      • Section 3.09. Order of Business
      • Section 4.01. General Powers
      • Section 4.02. Qualifications and Tenure
      • Section 4.03. “Close Relative” Defined
      • Section 4.04. Vacancies
      • Section 4.05. Compensation
      • Section 4.06. Rules and Regulations
      • Section 4.07. Accounting System and Reports
      • Section 5.01. Regular Meetings
      • Section 5.02. Special Meetings
      • Section 5.03. Notice
      • Section 5.04. Quorum
      • Section 5.05. Manner of Acting
      • Section 6.01. Number and Title
      • Section 6.02. Election and Term of Office
      • Section 6.03. Removal
      • Section 6.04. Vacancies
      • Section 6.05. President
      • Section 6.06. Vice-President
      • Section 6.07. Secretary
      • Section 6.08. Treasurer
      • Section 6.09. Delegation of Secretary’s and Treasurer’s Responsibilities
      • Section 6.10. Manager
      • Section 6.11. Bonds of Officers
      • Section 6.12. Compensation
      • Section 6.13. Indemnification
      • Section 6.14. Reports
      • Section 7.01. Contracts
      • Section 7.02. Checks, Drafts, etc.
      • Section 7.03. Deposits, Investments
      • Section 8.01. Interest or Dividends on Capital Prohibited
      • Section 8.02. Patronage Capital in Connection with Furnishing Electric Energy
      • Section 8.03. Unclaimed Funds