Texas Health And Safety Code Title 4, Chapter 301 - Cooperative Associations

SUBCHAPTER A HOSPITAL LAUNDRY COOPERATIVE ASSOCIATIONS

• Texas Section 301.001 - Definitions
  In this subchapter: (1) "Eligible institution" means an entity engaged in health-related pursuits that, except for cooperative associations, is exempt from federal income tax and...
• Texas Section 301.002 - Creation Of Hospital Laundry Cooperative Association
  (a) Eligible institutions may create a hospital laundry cooperative association to establish, operate, and maintain a laundry system on a nonprofit, cooperative basis solely for...
• Texas Section 301.003 - Articles Of Incorporation
  (a) Eligible institutions creating a hospital laundry cooperative association may file articles of incorporation under the general corporation law of this state, including the Texas...
• Texas Section 301.004 - Use Of Public Funds Prohibited
  Public funds appropriated to a state department or to a state institution may not be used to create a hospital laundry cooperative association under this...
• Texas Section 301.005 - Membership; Membership Privileges; Expulsion Of Members
  (a) An eligible institution may be elected to membership in a hospital laundry cooperative association by: (1) the organizers of the association at the time...
• Texas Section 301.006 - Membership Not Required
  A component institution of a state-supported institution is not required to be a member of a hospital laundry cooperative association created under this subchapter but...
• Texas Section 301.007 - Powers Of Hospital Laundry Cooperative Association
  A hospital laundry cooperative association may: (1) acquire, own, and operate a laundry system on a cooperative basis solely for the benefit of eligible institutions,...
• Texas Section 301.008 - Cost Of Services
  A hospital laundry cooperative association may determine the amount to be charged for providing laundry services through its laundry system to eligible institutions. Acts 1989,...
• Texas Section 301.009 - Bonds, Notes, Or Other Obligations
  (a) A hospital laundry cooperative association may borrow money from public or private sources or issue bonds, notes, or other obligations in amounts necessary to...
• Texas Section 301.010 - Bonds As Investments
  Bonds issued by a hospital laundry cooperative association under this subchapter are legal and authorized investments for: (1) a bank; (2) a savings and loan...
• Texas Section 301.011 - Bonds As Security For Deposits
  A hospital laundry cooperative association's bonds may secure the deposits of public funds of the state or a municipality, county, school district, or other political...
• Texas Section 301.012 - Liability To Creditors
  Except as provided by this subchapter, a member of a hospital laundry cooperative association is not liable to the association or its creditors in excess...
• Texas Section 301.013 - Tax Exemption
  (a) A hospital laundry cooperative association created under this subchapter is not required to pay a tax or assessment on its property or on any...
• Texas Section 301.014 - Annual Report
  A hospital laundry cooperative association shall file an annual report with the secretary of state showing the assets and conditions of the association's affairs. Acts...
• Texas Section 301.015 - Surplus Revenue
  The directors of a hospital laundry cooperative association may, in accordance with the association's bylaws, deposit to the credit of the surplus fund any surplus...

SUBCHAPTER B MISCELLANEOUS COOPERATIVE ASSOCIATIONS

• Texas Section 301.016 - Loans To Members Prohibited
  A hospital laundry cooperative association may not loan money to a member. Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
• Texas Section 301.031 - Definitions
  In this subchapter: (1) "Eligible institution" means an entity engaged in health-related pursuits that, except for cooperative associations, is exempt from federal income tax and...
• Texas Section 301.032 - Creation Of Cooperative Association
  (a) Eligible institutions may create a cooperative association to establish, operate, and maintain a system on a nonprofit, cooperative basis solely for the use and...
• Texas Section 301.033 - Articles Of Incorporation
  (a) Eligible institutions creating a cooperative association may prepare and file articles of incorporation under the general corporation law of this state, including the Texas...
• Texas Section 301.034 - Use Of Public Funds Prohibited
  Public funds appropriated to a state department or to a state institution may not be used to create a cooperative association under this subchapter. Acts...
• Texas Section 301.035 - Membership; Membership Privileges; Expulsion Of Members
  (a) An eligible institution may be elected to membership in a cooperative association by: (1) the organizers of the association at the time of organization;...
• Texas Section 301.036 - Membership Not Required
  A component institution of an institution that is supported by the federal or state government or a department, division, or agency of the federal government...
• Texas Section 301.037 - Powers Of Cooperative Association
  To carry out the purposes of this subchapter, a cooperative association may: (1) acquire, own, and operate a system on a cooperative basis solely for...
• Texas Section 301.038 - Provision Of Services; Costs
  (a) A cooperative association may provide services from a system to eligible institutions and may determine the amount to be charged for providing the services....
• Texas Section 301.039 - Bonds, Notes, Or Other Obligations
  (a) A cooperative association may borrow money from public or private sources or issue bonds, notes, or other obligations in amounts necessary to create, enlarge,...
• Texas Section 301.040 - Bonds As Investments
  Bonds issued by a cooperative association under this subchapter are legal and authorized investments for: (1) a bank; (2) a savings and loan association; (3)...
• Texas Section 301.041 - Liability To Creditors
  (a) Except as provided by this subchapter, a member of a cooperative association is not liable to the association or its creditors in excess of...
• Texas Section 301.042 - Tax Exemption
  (a) A cooperative association created under this subchapter is not required to pay a tax or assessment on its property or on any purchase made...
• Texas Section 301.043 - Annual Report
  A cooperative association shall file an annual report with the secretary of state showing the assets and conditions of the association's affairs. Acts 1989, 71st...
• Texas Section 301.044 - Surplus Revenue
  The directors of a cooperative association may, in accordance with the association's bylaws, deposit to the credit of the surplus fund any surplus revenue derived...
• Texas Section 301.045 - Loans To Members Prohibited
  A cooperative association may not loan money to a member. Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
• Texas Section 301.046 - Liberal Construction
  This subchapter shall be liberally construed. Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
• Texas Section 301.047 - Construction Of Subchapter
  (a) This subchapter does not prevent a cooperative association from: (1) creating recourse or nonrecourse debt in the form of bonds, debentures, notes, or any...

Last modified: September 28, 2016