Tex. Bus. Orgs. Code § 3.013 · Subchapter A. FORMATION, EXISTENCE, AND CERTIFICATE OF FORMATION
SUPPLEMENTAL PROVISIONS REQUIRED IN CERTIFICATE OF FORMATION OF COOPERATIVE ASSOCIATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
In addition to the information required by Section 3.005, the certificate of formation of a cooperative association must state:
(1) whether the cooperative association is organized with or without shares;
(2) the number of shares or memberships subscribed for the cooperative association;
(3) if the cooperative association is organized with shares:
(A) the amount of authorized capital;
(B) the number and type of shares;
(C) par value of the shares, if any; and
(D) the rights, preferences, and restrictions of each type of share;
(4) the method of distribution on winding up and termination of any surplus of the cooperative association in accordance with Section 251.403; and
(5) the names and street addresses of the directors who will manage the affairs of the cooperative association for the initial year, unless sooner changed by the members.
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.3.htm
- Text hash
- sha256 bdbe4d8830097f9188517a9161b0cfe356acae204c9166e55989128b27bf2013
- 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
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