Texas Business Organizations Code - BUS ORG § 2.110. Powers of Cooperative Association

(1) own and hold membership in other associations or corporations;

(2) own and hold share capital of other associations or corporations;

(3) own and exercise ownership rights in bonds or other obligations;

(4) make agreements of mutual aid or federation with other associations, other groups organized on a cooperative basis, or other nonprofit groups;  and

(5) deliver money to a scholarship fund for rural students.