Loans To Members Prohibited

Tex. Health and Safety Code § 301.016, under Cooperative Associations.

Tex. Health and Safety Code § 301.016

Sec. 301.016. LOANS TO MEMBERS PROHIBITED. A hospital laundry cooperative association may not loan money to a member. Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. SUBCHAPTER B. MISCELLANEOUS COOPERATIVE ASSOCIATIONS