Texas § 301.041 LIABILITY TO CREDITORS.

Texas Statutes

§ 301.041 — LIABILITY TO CREDITORS.

Texas § 301.041

Code HSHealth and Safety Code

This text of Texas § 301.041 (LIABILITY TO CREDITORS.) 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. Health and Safety Code Code Ann. § 301.041 (2026).

Text

Sec. 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 the amount contracted for by the member. When the contract is paid in the amount and at the time specified in the contract, the member's liability ceases.

(b)This subchapter does not authorize a state-supported health-related institution to make a financial commitment beyond the current budget period for the institution.

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Sec. 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 the amount contracted for by the member. When the contract is paid in the amount and at the time specified in the contract, the member's liability ceases.
(b) This subchapter does not authorize a state-supported health-related institution to make a financial commitment beyond the current budget period for the institution.