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Tex. Business Organizations Code § 251.204

CERTIFICATES; ATTACHMENT

Texas · Texas Business Organizations Code · Status: effective

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Tex. Business Organizations Code § 251.204, CERTIFICATES; ATTACHMENT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/584346
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The minimum amount necessary for membership in a cooperative association, not to exceed $50, is exempt from attachment, execution, or garnishment for the debts of a member of a cooperative association. If a member's holdings are subject to attachment, execution, or garnishment, the directors of the cooperative association may admit the purchaser to membership or may purchase the holdings at par value.