Sec. 301.032. CREATION OF COOPERATIVE ASSOCIATION. (a) Eligible institutions may create a cooperative association to establish, operate, and maintain a system on a nonprofit, cooperative basis solely for the use and benefit of eligible institutions.
(b) An association is created under the terms prescribed by the governing bodies of the respective eligible institutions.
(c) An association created under this subchapter shall include as part of its name "Cooperative Association."
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Structure Texas Statutes
Subtitle E - Cooperative Associations
Chapter 301 - Cooperative Associations
Subchapter B. Miscellaneous Cooperative Associations
Section 301.032. Creation of Cooperative Association
Section 301.033. Articles of Incorporation
Section 301.034. Use of Public Funds Prohibited
Section 301.035. Membership; Membership Privileges; Expulsion of Members
Section 301.036. Membership Not Required
Section 301.037. Powers of Cooperative Association
Section 301.038. Provision of Services; Costs
Section 301.039. Bonds, Notes, or Other Obligations
Section 301.040. Bonds as Investments
Section 301.041. Liability to Creditors
Section 301.042. Tax Exemption
Section 301.043. Annual Report
Section 301.044. Surplus Revenue
Section 301.045. Loans to Members Prohibited