GroundRules
Tex. Health and Safety Code § 301.044: SURPLUS REVENUE.
Where this section sits in the code
- HEALTH AND SAFETY CODE
- TITLE 4. HEALTH FACILITIES
- SUBTITLE E. COOPERATIVE ASSOCIATIONS
- CHAPTER 301. COOPERATIVE ASSOCIATIONS
- SUBCHAPTER B. MISCELLANEOUS COOPERATIVE ASSOCIATIONS
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 from a system or divide the surplus revenue among the patrons in proportion to the patrons' respective contributions to the working capital of the association and their patronage.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Collected 2026-08-27T01:47:17Z. Source file · JSON