Tex. Bus. Orgs. Code Section 251.153
Subscribers

(a)

A person is a subscriber of a cooperative association only if the person is:

(1)

eligible for membership in the cooperative association under Section 251.151 (Eligibility and Admission); and

(2)

legally obligated to purchase a share or membership in the cooperative association.

(b)

The certificate of formation or bylaws of a cooperative association may state whether and the conditions under which voting rights or other membership rights are granted to a subscriber of the cooperative association.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Source: Section 251.153 — Subscribers, https://statutes.­capitol.­texas.­gov/Docs/BO/htm/BO.­251.­htm#251.­153 (accessed Apr. 20, 2024).

Green check means up to date. Up to date

Accessed:
Apr. 20, 2024

§ 251.153’s source at texas​.gov