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Current as of January 01, 2024 | Updated by Findlaw Staff
The minimum amount necessary for membership in a cooperative association, not to exceed $50, is exempt from attachment, execution, or garnishment for the debts of a member of a cooperative association. If a member's holdings are subject to attachment, execution, or garnishment, the directors of the cooperative association may admit the purchaser to membership or may purchase the holdings at par value.
Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 251.204. Certificates; Attachment - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-251-204/
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