Texas § 251.201 SHARE AND MEMBERSHIP CERTIFICATES: ISSUANCE AND CONTENTS.

Texas Statutes

§ 251.201 — SHARE AND MEMBERSHIP CERTIFICATES: ISSUANCE AND CONTENTS.

Texas § 251.201

Code BOBusiness Organizations Code

This text of Texas § 251.201 (SHARE AND MEMBERSHIP CERTIFICATES: ISSUANCE AND CONTENTS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Business Organizations Code Code Ann. § 251.201 (2026).

Text

Sec. 251.201. SHARE AND MEMBERSHIP CERTIFICATES: ISSUANCE AND CONTENTS.

(a)A cooperative association may not issue a certificate for membership capital or for invested capital until any par value of the certificate has been paid in full.

(b)Each certificate for membership capital issued by a cooperative association must contain a statement of the requirements of Sections 251.202 (a) and (b), 251.254 , and 251.255 .

(c)Each certificate for invested capital issued by a cooperative association must contain a statement of the restrictions on transferability as provided by the cooperative association's bylaws.

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Sec. 251.201. SHARE AND MEMBERSHIP CERTIFICATES: ISSUANCE AND CONTENTS. (a) A cooperative association may not issue a certificate for membership capital or for invested capital until any par value of the certificate has been paid in full.
(b) Each certificate for membership capital issued by a cooperative association must contain a statement of the requirements of Sections 251.202 (a) and (b), 251.254 , and 251.255 .
(c) Each certificate for invested capital issued by a cooperative association must contain a statement of the restrictions on transferability as provided by the cooperative association's bylaws.