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Texas Agriculture Code

§ 51.017 — WITHDRAWAL

AG § 51.017Title 4. AGRICULTURAL ORGANIZATIONS · Ch. 51. FARMERS' COOPERATIVE SOCIETIES

Statute text

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(a)A member of a society is entitled to withdraw from the society under rules prescribed by the society's bylaws.
(b)If a member withdraws, the society may return to the member money in an amount equal to the value of the member's contribution to the society's working capital.

Legislative history

Acts 1981, 67th Leg., p. 1100, ch. 388, Sec. 1, eff. Sept. 1, 1981.