Texas Statutes (Last Updated: January 4, 2014) |
HEALTH AND SAFETY CODE |
Title 4. HEALTH FACILITIES |
Subtitle E. COOPERATIVE ASSOCIATIONS |
Chapter 301. COOPERATIVE ASSOCIATIONS |
Subchapter A. HOSPITAL LAUNDRY COOPERATIVE ASSOCIATIONS |
Sec. 301.015. SURPLUS REVENUE
Latest version.
-
The directors of a hospital laundry cooperative association may, in accordance with the association's bylaws, deposit to the credit of the surplus fund any surplus revenue derived from the laundry system or divide the surplus revenue among the patrons in proportion to the patrons' respective contributions to the working capital of the association and their patronage.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.