Sec. 301.012. LIABILITY TO CREDITORS. Except as provided by this subchapter, a member of a hospital laundry cooperative association is not liable to the association or its creditors in excess of the amount contracted for by the member. When the contract is paid in the amount and at the time specified in the contract, the member's liability ceases.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Structure Texas Statutes
Subtitle E - Cooperative Associations
Chapter 301 - Cooperative Associations
Subchapter A. Hospital Laundry Cooperative Associations
Section 301.002. Creation of Hospital Laundry Cooperative Association
Section 301.003. Articles of Incorporation
Section 301.004. Use of Public Funds Prohibited
Section 301.005. Membership; Membership Privileges; Expulsion of Members
Section 301.006. Membership Not Required
Section 301.007. Powers of Hospital Laundry Cooperative Association
Section 301.008. Cost of Services
Section 301.009. Bonds, Notes, or Other Obligations
Section 301.010. Bonds as Investments
Section 301.011. Bonds as Security for Deposits
Section 301.012. Liability to Creditors
Section 301.013. Tax Exemption
Section 301.014. Annual Report