Texas § 301.047 CONSTRUCTION OF SUBCHAPTER.

Texas Statutes

§ 301.047 — CONSTRUCTION OF SUBCHAPTER.

Texas § 301.047

Code HSHealth and Safety Code

This text of Texas § 301.047 (CONSTRUCTION OF SUBCHAPTER.) 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. § 301.047 (2026).

Text

Sec. 301.047. CONSTRUCTION OF SUBCHAPTER.

(a)This subchapter does not prevent a cooperative association from:

(1)creating recourse or nonrecourse debt in the form of bonds, debentures, notes, or any other form of obligation;

(2)encumbering, mortgaging, pledging, or granting a security interest in any property of the cooperative association;

(3)refunding existing debt or obligations by any means available under this subchapter; or

(4)otherwise exercising all express or implied powers granted by Section 301.033 (b), 301.037 , 301.038 , 301.039 , or 301.044 , or granted by state corporation laws.

(b)This section only clarifies the powers of cooperative associations and does not expand their powers.

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Sec. 301.047. CONSTRUCTION OF SUBCHAPTER. (a) This subchapter does not prevent a cooperative association from:
(1) creating recourse or nonrecourse debt in the form of bonds, debentures, notes, or any other form of obligation;
(2) encumbering, mortgaging, pledging, or granting a security interest in any property of the cooperative association;
(3) refunding existing debt or obligations by any means available under this subchapter; or
(4) otherwise exercising all express or implied powers granted by Section 301.033 (b), 301.037 , 301.038 , 301.039 , or 301.044 , or granted by state corporation laws.
(b) This section only clarifies the powers of cooperative associations and does not expand their powers.