Tex. Bus. Orgs. Code § 251.153 · Subchapter D. MEMBERSHIP
SUBSCRIBERS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A person is a subscriber of a cooperative association only if the person is:
(1) eligible for membership in the cooperative association under Section 251.151; and
(2) legally obligated to purchase a share or membership in the cooperative association.
(b) The certificate of formation or bylaws of a cooperative association may state whether and the conditions under which voting rights or other membership rights are granted to a subscriber of the cooperative association.
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.251.htm
- Text hash
- sha256 abd3670d5d7687854c8eab9ec44ef08689d1323fec8643e51170795d316783ac
- 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.