Texas § GV.4005.018 - COOPERATIVES
Full text of Texas The Texas Constitution § GV.4005.018 — COOPERATIVES, with citation guidance and answers to common questions.
§ GV.4005.018. COOPERATIVES
COOPERATIVES. (a) The exemption provided by Section 4005.001 applies to: (1) the sale and issuance of: (A) any securities issued by a farmers' cooperative marketing association organized under Chapter 52 , Agriculture Code, or the predecessor of that law (Article 5737 et seq., Revised Statutes); (B) any securities issued by a mutual loan corporation organized under Chapter 54 , Agriculture Code, or the predecessor of that law (Article 2500 et seq., Revised Statutes); or (C) any equity securities issued by a cooperative association organized under the Texas Cooperative Association Law as described by Section 1.008 (i), Business Organizations Code, or the predecessor of that law (Article 1396-50.01, Vernon's Texas Civil Statutes); or (2) the sale of any securities issued by a farmers' cooperative society organized under Chapter 51 , Agriculture Code, or the predecessor of that law (Article 2514 et seq., Revised Statutes). (b) The exemption provided by Section 4005.001 does not apply to an agent of a farmers' cooperative marketing association, mutual loan corporation, cooperative association, or farmers' cooperative society if the sale of the securities is made to: (1) nonmembers; or (2) members and a commission is paid or contracted to be paid to the agent. Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171 ), Sec. 1.01, eff. January 1, 2022.
Frequently Asked Questions About Texas § GV.4005.018
What does The Texas Constitution § GV.4005.018 cover?
Section GV.4005.018 ("COOPERATIVES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.4005.018?
A common citation format is "The Texas Constitution § GV.4005.018" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.4005.018 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.