Sec. 2.011. PURPOSES OF COOPERATIVE ASSOCIATION. (a) A person may organize a cooperative association under this code to acquire, produce, build, operate, manufacture, furnish, exchange, or distribute any type of property, commodities, goods, or services for the primary and mutual benefit of the members of the cooperative association.
(b) A cooperative association may not be organized to:
(1) serve or function as a health maintenance organization;
(2) furnish medical or health care; or
(3) employ or contract with a health care provider in a manner prohibited by the statute under which the provider is licensed.
(c) A cooperative association may not directly or indirectly engage in a health maintenance organization or a prepaid legal service corporation.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 2 - Purposes and Power of Domestic Entity
Subchapter A. Purposes of Domestic Entity
Section 2.001. General Scope of Permissible Purposes
Section 2.002. Purposes of Nonprofit Entity
Section 2.003. General Prohibited Purposes
Section 2.004. Limitation on Purposes of Professional Entity
Section 2.005. Limitation in Governing Documents
Section 2.007. Additional Prohibited Activities of For-Profit Corporation
Section 2.008. Nonprofit Corporations
Section 2.009. Permissible Purpose of Nonprofit Corporation Related to Organized Labor
Section 2.010. Prohibited Activities of Nonprofit Corporation
Section 2.011. Purposes of Cooperative Association
Section 2.012. Limitation on Purposes of Real Estate Investment Trust