Tex. Business Organizations Code § 2.011
This is the official text of Tex. Business Organizations Code § 2.011, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 2.011. PURPOSES OF COOPERATIVE ASSOCIATION.
Official statutory text
(a) A person may organize a cooperative association under this code to acquire, produce, build, operate, manufacture, furnish, exchange, or distribute any type of property, commodities, goods, or services for the primary and mutual benefit of the members of the cooperative association.
(b) A cooperative association may not be organized to:
(1) serve or function as a health maintenance organization;
(2) furnish medical or health care; or
(3) employ or contract with a health care provider in a manner prohibited by the statute under which the provider is licensed.
(c) A cooperative association may not directly or indirectly engage in a health maintenance organization or a prepaid legal service corporation.
(b) A cooperative association may not be organized to:
(1) serve or function as a health maintenance organization;
(2) furnish medical or health care; or
(3) employ or contract with a health care provider in a manner prohibited by the statute under which the provider is licensed.
(c) A cooperative association may not directly or indirectly engage in a health maintenance organization or a prepaid legal service corporation.
Status: in_force · Read it on the official government site
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