Tex. Business Organizations Code § 2.110
POWERS OF COOPERATIVE ASSOCIATION
Texas · Texas Business Organizations Code · Status: effective
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- Citation
- Tex. Business Organizations Code § 2.110, POWERS OF COOPERATIVE ASSOCIATION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/582940
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Full text
(a) Except as provided by Chapter 251, a cooperative association may exercise the same powers and privileges and is subject to the same duties, restrictions, and liabilities as a nonprofit corporation.
(b) A cooperative association may:
(1) own and hold membership in other associations or corporations;
(2) own and hold share capital of other associations or corporations;
(3) own and exercise ownership rights in bonds or other obligations;
(4) make agreements of mutual aid or federation with other associations, other groups organized on a cooperative basis, or other nonprofit groups; and
(5) deliver money to a scholarship fund for rural students.