Tex. Health & Safety Code § 301.047 · Subchapter B. MISCELLANEOUS COOPERATIVE ASSOCIATIONS
CONSTRUCTION OF SUBCHAPTER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) This subchapter does not prevent a cooperative association from:
(1) creating recourse or nonrecourse debt in the form of bonds, debentures, notes, or any other form of obligation;
(2) encumbering, mortgaging, pledging, or granting a security interest in any property of the cooperative association;
(3) refunding existing debt or obligations by any means available under this subchapter; or
(4) otherwise exercising all express or implied powers granted by Section 301.033(b), 301.037, 301.038, 301.039, or 301.044, or granted by state corporation laws.
(b) This section only clarifies the powers of cooperative associations and does not expand their powers.
Notes and commentary — not statutory text
History
Added by Acts 1993, 73rd Leg., ch. 902, Sec. 1, eff. June 19, 1993.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/HS/htm/HS.301.htm
- Text hash
- sha256 ad2b11fd5df642f64875ce7c108273679384c5a03f572d661e3cd59c30ebfc27
- 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
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Health and Safety Code
- Tex. Health & Safety Code § 301.033ARTICLES OF INCORPORATION.Printed as Section 301.033(b), 301.037, 301.038, 301.039, or 301.044
- Tex. Health & Safety Code § 301.037POWERS OF COOPERATIVE ASSOCIATION.Printed as Section 301.033(b), 301.037, 301.038, 301.039, or 301.044
- Tex. Health & Safety Code § 301.038PROVISION OF SERVICES; COSTS.Printed as Section 301.033(b), 301.037, 301.038, 301.039, or 301.044
- Tex. Health & Safety Code § 301.039BONDS, NOTES, OR OTHER OBLIGATIONS.Printed as Section 301.033(b), 301.037, 301.038, 301.039, or 301.044
- Tex. Health & Safety Code § 301.044SURPLUS REVENUE.Printed as Section 301.033(b), 301.037, 301.038, 301.039, or 301.044
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.