Texas Agriculture Code

§ 55.003 — ARTICLES OF INCORPORATION

AG § 55.003Title 4. AGRICULTURAL ORGANIZATIONS · Ch. 55. COOPERATIVE CREDIT ASSOCIATIONS

Statute text

In addition to the requirements prescribed by the general corporation laws of the state, the articles of incorporation of an association formed under this chapter must state that the association may not obtain loans for, make loans to, purchase notes from, or discount notes for a person who is not a member of the association.

Legislative history

Acts 1981, 67th Leg., p. 1122, ch. 388, Sec. 1, eff. Sept. 1, 1981.