Tex. Bus. Orgs. Code § 2.110 · Subchapter B. POWERS OF DOMESTIC ENTITY
POWERS OF COOPERATIVE ASSOCIATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as provided by Chapter 251, a cooperative association may exercise the same powers and privileges and is subject to the same duties, restrictions, and liabilities as a nonprofit corporation.
(b) A cooperative association may:
(1) own and hold membership in other associations or corporations;
(2) own and hold share capital of other associations or corporations;
(3) own and exercise ownership rights in bonds or other obligations;
(4) make agreements of mutual aid or federation with other associations, other groups organized on a cooperative basis, or other nonprofit groups; and
(5) deliver money to a scholarship fund for rural students.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BO/htm/BO.2.htm
- Text hash
- sha256 c188c3793f5cd6561dfbb84813554d8a01a7da38375abccca4bec5def81b2783
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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Business Organizations Code
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.