{"data":{"id":"us-tx/tex.-business-organizations-code-251.204","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 251.204","heading":"CERTIFICATES; ATTACHMENT.","body":"The minimum amount necessary for membership in a cooperative association, not to exceed $50, is exempt from attachment, execution, or garnishment for the debts of a member of a cooperative association. If a member's holdings are subject to attachment, execution, or garnishment, the directors of the cooperative association may admit the purchaser to membership or may purchase the holdings at par value.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 6. ASSOCIATIONS","CHAPTER 251. COOPERATIVE ASSOCIATIONS","SUBCHAPTER E. SHARES"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.251.htm#251.204","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"f4f16bffeeb618eb3110d8da1c86d70d7558e5a94ded9180ebf36752358b6141","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-251.203","next":"us-tx/tex.-business-organizations-code-251.251"},"notice":"GroundRules: Original legal text. Not legal advice."}