Texas § BO.251.352 - REPORTS TO MEMBERS
Full text of Texas The Texas Constitution § BO.251.352 — REPORTS TO MEMBERS, with citation guidance and answers to common questions.
§ BO.251.352. REPORTS TO MEMBERS
REPORTS TO MEMBERS. (a) A cooperative association shall submit a written report to its members at the annual meeting of the cooperative association. The annual report must contain: (1) a balance sheet; (2) an income and expense statement; (3) the amount and nature of the cooperative association's authorized, subscribed, and paid-in capital; (4) the total number of shareholders; (5) the number of shareholders who were admitted to or withdrew from the association during the year; (6) the par value of the association's shares; (7) the rate at which any investment dividends have been paid; (8) if the cooperative association does not issue shares: (A) the total number of members; (B) the number of members who were admitted to or withdrew from the association during the year; and (C) the amount of membership fees received; (9) the name, address, occupation, and date of expiration of the term of office of each officer and director; and (10) any compensation paid by the association to each officer or director of the association. (b) The directors shall appoint a committee composed of members who are not principal bookkeepers, accountants, or employees of the cooperative association to review the cooperative association. (c) The committee appointed under Subsection (b) shall report on the quality of the annual report required by this section and the bookkeeping system of the cooperative association at the annual meeting. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. Amended by: Acts 2025, 89th Leg., R.S., Ch. 199 (S.B. 2411 ), Sec. 54, eff. September 1, 2025. SUBCHAPTER I. WINDING UP AND TERMINATION
Frequently Asked Questions About Texas § BO.251.352
What does The Texas Constitution § BO.251.352 cover?
Section BO.251.352 ("REPORTS TO MEMBERS") 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 § BO.251.352?
A common citation format is "The Texas Constitution § BO.251.352" (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 § BO.251.352 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.