§ 301.031 Definitions
§ 301.032 Creation of Cooperative Association
§ 301.033 Articles of Incorporation
§ 301.034 Use of Public Funds Prohibited
§ 301.035 Membership; Membership Privileges; Expulsion of Members
§ 301.036 Membership Not Required
§ 301.037 Powers of Cooperative Association
§ 301.038 Provision of Services; Costs
§ 301.039 Bonds, Notes, or Other Obligations
§ 301.040 Bonds as Investments
§ 301.041 Liability to Creditors
§ 301.042 Tax Exemption
§ 301.043 Annual Report
§ 301.044 Surplus Revenue
§ 301.045 Loans to Members Prohibited
§ 301.046 Liberal Construction
§ 301.047 Construction of Subchapter

Terms Used In Texas Health and Safety Code Chapter 301 > Subchapter B - Miscellaneous Cooperative Associations

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Fiduciary: A trustee, executor, or administrator.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • 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
  • Personal property: All property that is not real property.
  • Population: means the population shown by the most recent federal decennial census. See Texas Government Code 311.005
  • Property: means real and personal property. See Texas Government Code 311.005
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
  • Trustee: A person or institution holding and administering property in trust.
  • Week: means seven consecutive days. See Texas Government Code 311.005
  • Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005