Texas Business Organizations Code - Section 3.013. Supplemental Provisions Required In Certificate Of Formation Of Cooperative Association
Legal Research Home >
Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 3.013. Supplemental Provisions Required In Certificate Of Formation Of Cooperative Association
§ 3.013. SUPPLEMENTAL PROVISIONS REQUIRED IN CERTIFICATE
OF FORMATION OF COOPERATIVE ASSOCIATION. In addition to the
information required by Section 3.005, the certificate of formation
of a cooperative association must state:
(1) whether the cooperative association is organized
with or without shares;
(2) the number of shares or memberships subscribed for
the cooperative association;
(3) if the cooperative association is organized with
shares:
(A) the amount of authorized capital;
(B) the number and type of shares;
(C) par value of the shares, if any; and
(D) the rights, preferences, and restrictions of
each type of share;
(4) the method of distribution on winding up and
termination of any surplus of the cooperative association in
accordance with Section 251.403; and
(5) the names and street addresses of the directors
who will manage the affairs of the cooperative association for the
initial year, unless sooner changed by the members.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 3.006 3.007 3.008 3.009 3.010 3.011 3.012 3.013 3.014 3.015 3.051 3.052 3.053 3.054 3.055
Last modified: August 11, 2007
|
