{"data":{"id":"us-tx/tex.-business-organizations-code-2.110","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 2.110","heading":"POWERS OF COOPERATIVE ASSOCIATION.","body":"(a) Except as provided by Chapter 251, a cooperative association may exercise the same powers and privileges and is subject to the same duties, restrictions, and liabilities as a nonprofit corporation.\n(b) A cooperative association may:\n(1) own and hold membership in other associations or corporations;\n(2) own and hold share capital of other associations or corporations;\n(3) own and exercise ownership rights in bonds or other obligations;\n(4) make agreements of mutual aid or federation with other associations, other groups organized on a cooperative basis, or other nonprofit groups; and\n(5) deliver money to a scholarship fund for rural students.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 1. GENERAL PROVISIONS","CHAPTER 2. PURPOSES AND POWER OF DOMESTIC ENTITY","SUBCHAPTER B. POWERS OF DOMESTIC ENTITY"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.2.htm#2.110","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"935b02c844d29ca41cc9d31223254c11887d7db908abb3d985e911ad3298cd6c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-2.109","next":"us-tx/tex.-business-organizations-code-2.111"},"notice":"GroundRules: Original legal text. Not legal advice."}