Sec. 51.015. NOTES AS SUBSCRIPTION CONTRACTS. Notes given for membership certificates of a society are valid subscription contracts and are the property of the society.
Acts 1981, 67th Leg., p. 1099, ch. 388, Sec. 1, eff. Sept. 1, 1981.
Structure Texas Statutes
Title 4 - Agricultural Organizations
Chapter 51 - Farmers' Cooperative Societies
Section 51.002. Application of General Corporation Laws
Section 51.006. Area of Operation
Section 51.007. Nonprofit Corporation; Division of Profits
Section 51.009. Articles of Incorporation
Section 51.010. Bylaws and Amendments to Articles of Incorporation
Section 51.011. Copies of Articles, Amendments, and Bylaws; Filing With County Clerk
Section 51.014. Membership Certificates
Section 51.015. Notes as Subscription Contracts
Section 51.016. Liability of Members
Section 51.018. Suspension; Expulsion
Section 51.021. Restriction on Use of Public Money for Incorporation