Texas § HS.301.047 - CONSTRUCTION OF SUBCHAPTER
Full text of Texas The Texas Constitution § HS.301.047 — CONSTRUCTION OF SUBCHAPTER, with citation guidance and answers to common questions.
§ HS.301.047. CONSTRUCTION OF SUBCHAPTER
CONSTRUCTION OF SUBCHAPTER. (a) This subchapter does not prevent a cooperative association from: (1) creating recourse or nonrecourse debt in the form of bonds, debentures, notes, or any other form of obligation; (2) encumbering, mortgaging, pledging, or granting a security interest in any property of the cooperative association; (3) refunding existing debt or obligations by any means available under this subchapter; or (4) otherwise exercising all express or implied powers granted by Section 301.033 (b), 301.037 , 301.038 , 301.039 , or 301.044 , or granted by state corporation laws. (b) This section only clarifies the powers of cooperative associations and does not expand their powers. Added by Acts 1993, 73rd Leg., ch. 902, Sec. 1, eff. June 19, 1993.
Frequently Asked Questions About Texas § HS.301.047
What does The Texas Constitution § HS.301.047 cover?
Section HS.301.047 ("CONSTRUCTION OF SUBCHAPTER") 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 § HS.301.047?
A common citation format is "The Texas Constitution § HS.301.047" (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 § HS.301.047 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.