Texas Statutes (Last Updated: January 4, 2014) |
BUSINESS ORGANIZATIONS CODE |
Title 6. ASSOCIATIONS |
Chapter 251. COOPERATIVE ASSOCIATIONS |
Subchapter I. WINDING UP AND TERMINATION |
Sec. 251.404. INVOLUNTARY TERMINATION
Latest version.
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A suit for involuntary termination of a cooperative association organized under this chapter may be instituted for the causes and prosecuted in the manner provided by Chapter 11. The assets of a cooperative association that is involuntarily terminated shall be distributed in accordance with Section 251.403.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.