Notes As Subscription Contracts

Tex. Agriculture Code § 51.015, under Farmers' Cooperative Societies.

Tex. Agriculture Code § 51.015

Sec. 51.015. NOTES AS SUBSCRIPTION CONTRACTS. Notes given for membership certificates of a society are valid subscription contracts and are the property of the society. Acts 1981, 67th Leg., p. 1099, ch. 388, Sec. 1, eff. Sept. 1, 1981.