(a) Ten or more persons who fulfill the requirements of Subsection (b) of this section may organize a private cooperative credit association.
(b) To be eligible to be an incorporator a person must:
(1) be a citizen of this state; and
(2) be engaged in the production, or production and marketing, of staple agricultural products or in the raising, breeding, feeding, fattening, or marketing of livestock.

Terms Used In Texas Agriculture Code 55.002

  • Livestock: means cattle, horses, mules, asses, sheep, goats, llamas, alpacas, exotic livestock, including elk and elk hybrids, and hogs, unless otherwise defined. See Texas Agriculture Code 1.003
  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
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