Texas Agriculture Code - AGRIC § 52.016. Marketing Contract

(1) sell or resell its members' products with or without taking title to the products;  and

(2) pay to its members the resale price less necessary expenses.

(1) sales, overhead, and other expenses;

(2) interest on preferred stock, not exceeding eight percent a year;

(3) interest on common stock, not exceeding eight percent a year;  and

(4) reserves, including reserves for redeeming any stock issued.

(1) fix as liquidated damages specific amounts to be paid by a member if the member breaches the marketing contract regarding the sale, delivery, or withholding of products;  and

(2) provide that the member will pay all costs, premiums for bonds, expenses, and fees if the association brings an action on the contract.