reglab/housing_qa huggingface dataset:
TX Agric Code § 52.013 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 52 - Cooperative Marketing Associations|Subchapter B. Purpose and Powers|Section 52.013. General Powers

Sec. 52.013.  GENERAL POWERS.  A marketing association may:(1)  engage in any activity connected with:(A)  the production, cultivation, and care of citrus groves;(B)  the marketing, selling, harvesting, preserving, drying, processing, canning, packing, storing, handling, or use of any agricultural products produced or delivered to it by its members;(C)  the production, manufacturing, or marketing of the by-products of those agricultural products;(D)  the purchase, hiring, or use by its members of supplies, machinery, or equipment;  and(E)  the financing of an activity enumerated by Paragraphs (A) through (D) of this subdivision;(2)  borrow money and make advances to its members;(3)  act as an agent or representative of any member in an activity authorized by Subdivision (1) or (2) of this section;(4)  acquire, hold, own, exercise all rights of ownership in, sell, transfer, or pledge shares of capital stocks or bonds of a corporation or association, including a bank for cooperatives organized under the Farm Credit Act of 1933, engaged in an activity related to that of the association incorporated under this chapter or engaged in the handling or marketing of a product handled by the association;(5)  establish reserves and invest the money in those reserves in bonds or other property as provided by the association's bylaws;(6)  buy, hold, and exercise all privileges of ownership over real or personal property that is determined by the association to be necessary or convenient for, or incidental to, conducting and operating its business;(7)  perform, in or outside this state, acts that are necessary, suitable, or proper to accomplish the purposes and objectives permitted by this section or that are conducive to or expedient for the interest or benefit of the association, and may contract for the performance of those acts;(8)  possess and exercise, in or outside this state, all powers, rights, and privileges necessary for or incidental to the purposes for which the association is organized or the activities in which it is engaged;  (9)  exercise the rights, powers, and privileges that are granted by the laws of the state to general corporations and that are not inconsistent with this chapter;  and(10)  deliver money to a scholarship fund for rural students.|Acts 1981, 67th Leg., p. 1104, ch. 388, Sec. 1, eff. Sept. 1, 1981.  Amended by Acts 1997, 75th Leg., ch. 904, Sec. 3, eff. Sept. 1, 1997.|
TX Agric Code § 52.014 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 52 - Cooperative Marketing Associations|Subchapter B. Purpose and Powers|Section 52.014. Interest in Other Corporations

Sec. 52.014.  INTEREST IN OTHER CORPORATIONS.  (a)  A marketing association may organize, operate, own, control, have an interest in, own stock of, or be a member of any other corporation, organized with or without capital stock, that is engaged in preserving, drying, pressing, canning, packing, storing, handling, shipping, using, manufacturing, marketing, or selling agricultural products handled by the association or the by-products of those products.(b)  If a corporation described by Subsection (a) of this section is a warehousing corporation, it may issue a legal warehouse receipt to the association or to any person.  The receipt is adequate collateral limited to the current value of the commodity represented by the receipt.  If a warehouse is licensed or licensed and bonded under the laws of this state or of the United States, its warehouse receipts may not be challenged or discriminated against because of the association's total or partial ownership or control of it.|Acts 1981, 67th Leg., p. 1105, ch. 388, Sec. 1, eff. Sept. 1, 1981.|
TX Agric Code § 52.015 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 52 - Cooperative Marketing Associations|Subchapter B. Purpose and Powers|Section 52.015. Contracts and Agreements With Other Associations

Sec. 52.015.  CONTRACTS AND AGREEMENTS WITH OTHER ASSOCIATIONS.  (a)  A marketing association, by resolution of its board of directors, may make all necessary stipulations, agreements, contracts, and arrangements with any other cooperative corporation or association formed in this or any other state for the cooperative and more economical conduct of its business or a part of its business.(b)  Two or more marketing associations, jointly or separately, may use the same methods and agencies to conduct their respective businesses.|Acts 1981, 67th Leg., p. 1105, ch. 388, Sec. 1, eff. Sept. 1, 1981.|
TX Agric Code § 52.016 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 52 - Cooperative Marketing Associations|Subchapter B. Purpose and Powers|Section 52.016. Marketing Contract

Sec. 52.016.  MARKETING CONTRACT.  (a)  A marketing association may execute a marketing contract with its members requiring the members to sell, for a period not exceeding 10 years, all or a specified part of their agricultural products or specified commodities exclusively to or through the association or any facilities to be created by the association.(b)  The contract may provide that the association may:(1)  sell or resell its members' products with or without taking title to the products;  and(2)  pay to its members the resale price less necessary expenses.(c)  The expenses that may be deducted from the resale price under Subsection (b) of this section include:(1)  sales, overhead, and other expenses;(2)  interest on preferred stock, not exceeding eight percent a year;(3)  interest on common stock, not exceeding eight percent a year;  and(4)  reserves, including reserves for redeeming any stock issued.(d)  A marketing association's bylaws and marketing contract may:(1)  fix as liquidated damages specific amounts to be paid by a member if the member breaches the marketing contract regarding the sale, delivery, or withholding of products;  and(2)  provide that the member will pay all costs, premiums for bonds, expenses, and fees if the association brings an action on the contract.|Acts 1981, 67th Leg., p. 1105, ch. 388, Sec. 1, eff. Sept. 1, 1981.|
TX Agric Code § 52.031 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 52 - Cooperative Marketing Associations|Subchapter C. Incorporation|Section 52.031. Incorporators

Sec. 52.031.  INCORPORATORS.  Five or more persons who produce agricultural products or three or more marketing associations may form a marketing association under this chapter.|Acts 1981, 67th Leg., p. 1106, ch. 388, Sec. 1, eff. Sept. 1, 1981.|
TX Agric Code § 52.032 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 52 - Cooperative Marketing Associations|Subchapter C. Incorporation|Section 52.032. Preliminary Investigation

Sec. 52.032.  PRELIMINARY INVESTIGATION.  (a)  Every group of persons considering the organization of a marketing association is urged to communicate with the department.(b)  On request, the department shall inform the group of:(1)  the results of a survey of the marketing conditions affecting the commodities to be handled by the proposed association;  and(2)  the probability of the association's success as determined from those results.|Acts 1981, 67th Leg., p. 1106, ch. 388, Sec. 1, eff. Sept. 1, 1981.|
TX Agric Code § 52.033 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 52 - Cooperative Marketing Associations|Subchapter C. Incorporation|Section 52.033. Execution of Articles of Incorporation

Sec. 52.033.  EXECUTION OF ARTICLES OF INCORPORATION.  (a)  Each marketing association shall prepare and file articles of incorporation signed by each incorporator.(b)  One of the incorporators shall acknowledge the articles before an officer authorized by the laws of the state to take and certify acknowledgments of deeds and conveyances.|Acts 1981, 67th Leg., p. 1106, ch. 388, Sec. 1, eff. Sept. 1, 1981.|
TX Agric Code § 52.034 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 52 - Cooperative Marketing Associations|Subchapter C. Incorporation|Section 52.034. Contents of Articles of Incorporation

Sec. 52.034.  CONTENTS OF ARTICLES OF INCORPORATION.  (a)  The articles of incorporation must state:(1)  the name of the association;(2)  the term of existence, if it is limited;(3)  the purpose for which the association is formed;(4)  the location and street address of the association's principal place of business;(5)  the number of directors;  and(6)  the term of office of each director.(b)  If the association is organized without capital stock, the articles must state whether property rights and interests of each member are equal or unequal, and if unequal, the general rules applicable to all members by which the property rights and interests of each are determined and fixed.(c)  If the association is organized with capital stock, the articles must state:(1)  the amount of capital stock authorized;(2)  the number of shares authorized;(3)  the par value of the shares;  and(4)  if preferred stock is to be issued, the number of shares of common stock, the number of shares of preferred stock, the rights, preferences, and privileges granted, and the conditions under which the association may redeem the preferred stock.|Acts 1981, 67th Leg., p. 1106, ch. 388, Sec. 1, eff. Sept. 1, 1981.  Amended by Acts 1981, 67th Leg., p. 2605, ch. 693, Sec. 24, eff. Aug. 31, 1981;  Acts 1987, 70th Leg., ch. 695, Sec. 2, eff. Aug. 31, 1987.|
TX Agric Code § 52.035 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 52 - Cooperative Marketing Associations|Subchapter C. Incorporation|Section 52.035. Filing of Articles of Incorporation

Sec. 52.035.  FILING OF ARTICLES OF INCORPORATION.  (a)  The incorporators shall file the articles of incorporation in accordance with the general corporation laws of the state.(b)  Repealed by Acts 2009, 81st Leg., R.S., Ch. 506, Sec. 5.35(5), eff. September 1, 2009.(c)  If the association is formed with capital stock, the incorporators are not required to obtain subscriptions or payment for any part of the association's capital stock as a prerequisite of filing the articles.|Acts 1981, 67th Leg., p. 1106, ch. 388, Sec. 1, eff. Sept. 1, 1981.Amended by: Acts 2009, 81st Leg., R.S., Ch. 506 (S.B. 1016), Sec. 5.35(5), eff. September 1, 2009.|
TX Agric Code § 52.036 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 52 - Cooperative Marketing Associations|Subchapter C. Incorporation|Section 52.036. Effect of Filing Articles of Incorporation

Sec. 52.036.  EFFECT OF FILING ARTICLES OF INCORPORATION.  When the articles of incorporation are filed with the secretary of state, all courts shall receive the articles or a certified copy of the articles as prima facie evidence of:(1)  facts stated in the articles;  and(2)  compliance with requirements for incorporation under this chapter.|Acts 1981, 67th Leg., p. 1107, ch. 388, Sec. 1, eff. Sept. 1, 1981.|
TX Agric Code § 52.037 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 52 - Cooperative Marketing Associations|Subchapter C. Incorporation|Section 52.037. Amendment of Articles of Incorporation

Sec. 52.037.  AMENDMENT OF ARTICLES OF INCORPORATION.  (a)  A marketing association may amend the articles of incorporation at any regular meeting of the association or at a special meeting for that purpose, at which at least 10 percent of the members are voting in person or by proxy or mail.(b)  An amendment must first be approved by two-thirds of the directors and then, except as provided by Subsection (c) of this section, adopted by:(1)  a simple majority vote when 50 percent or more of the members vote in person or by proxy or mail;(2)  a two-thirds majority vote when less than 50 percent but 25 percent or more of the members vote in person or by proxy or mail;  or(3)  a three-fourths majority vote when less than 25 percent but 10 percent or more of the members vote in person or by proxy or mail.(c)  An amendment of the rules required by Section 52.034(b) of this code for determining the property rights and interests of members of a marketing association formed without capital stock may be adopted by a vote or written consent of two-thirds of the members who are present at a meeting of the association at which a quorum is present or who are voting by proxy or mail as prescribed by an association bylaw.(d)  After an amendment is adopted, the amendment shall be filed in accordance with the general corporation laws of the state.|Acts 1981, 67th Leg., p. 1107, ch. 388, Sec. 1, eff. Sept. 1, 1981.  Amended by Acts 1983, 68th Leg., p. 1550, ch. 296, Sec. 1, eff. June 14, 1983.|
TX Agric Code § 52.038 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 52 - Cooperative Marketing Associations|Subchapter C. Incorporation|Section 52.038. Existing Corporations and Associations

Sec. 52.038.  EXISTING CORPORATIONS AND ASSOCIATIONS.  Any corporation or association organized under prior law before March 1, 1921, may elect, by a majority vote of its members or stockholders, to adopt this chapter and become subject to it by:(1)  adopting the restrictions provided by this chapter; and(2)  executing, in duplicate on forms supplied by the secretary of state, an instrument, signed and acknowledged by its directors, stating that the entity, by a majority vote of its members or stockholders, has decided to accept the benefits of and be bound by this chapter.|Acts 1981, 67th Leg., p. 1107, ch. 388, Sec. 1, eff. Sept. 1, 1981.Amended by: Acts 2009, 81st Leg., R.S., Ch. 506 (S.B. 1016), Sec. 5.08, eff. September 1, 2009.|
TX Agric Code § 52.051 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 52 - Cooperative Marketing Associations|Subchapter D. Bylaws|Section 52.051. Adoption

Sec. 52.051.  ADOPTION.  (a)  A marketing association shall adopt bylaws before the 31st day after the day on which the articles of incorporation are filed with the secretary of state.(b)  The initial bylaws may be adopted by a two-thirds vote of the incorporating directors and then:(1)  a simple majority vote when 50 percent or more of the members vote in person or by proxy or mail;(2)  a two-thirds majority vote when less than 50 percent but 25 percent or more of the members vote in person or by proxy or mail;  or(3)  a three-fourths majority vote when less than 25 percent but 10 percent or more of the members vote in person or by proxy or mail.|Acts 1981, 67th Leg., p. 1107, ch. 388, Sec. 1, eff. Sept. 1, 1981.  Amended by Acts 1983, 68th Leg., p. 1551, ch. 296, Sec. 2, eff. June 14, 1983.|
TX Agric Code § 52.052 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 52 - Cooperative Marketing Associations|Subchapter D. Bylaws|Section 52.052. Contents

Sec. 52.052.  CONTENTS.  The bylaws may provide for one or more of the following:(1)  the time, place, and manner of calling and conducting meetings of the association;(2)  the number and qualifications of the members;(3)  the number of members constituting a quorum;(4)  the right of members to vote by proxy, mail, or both and the conditions, method, and effects of the vote;(5)  the method by which a member that is an association may cast its vote;(6)  the number of directors constituting a quorum;(7)  the qualifications, compensation, duties, and terms of directors and officers;(8)  the time of the election of directors and officers and the method of giving notice of the election;(9)  the penalties for violations of the bylaws;(10)  the amount of entrance, organization, and membership fees, if any, the method of collecting the fees, and the purposes for which the association must use the fees;(11)  the amount, if any, that each member must pay for the association's cost of conducting business;(12)  the amount that each member is required to pay for services rendered to the member by the association, the time of payment, and the method of collecting the payment;(13)  the marketing contract between the association and its members;(14)  the requirements for ownership of common stock;(15)  the time and method by which a member may withdraw from the association or may assign or transfer common stock;(16)  the method of assignment and transfer of a member's interest or shares of common stock;(17)  the time and conditions on which membership ceases;(18)  the automatic suspension of a member's rights if the member ceases to be eligible for membership;(19)  the method and effect of expulsion of a member;(20)  the purchase by the association of a member's interest on the death, withdrawal, or expulsion of the member, on forfeiture of a membership, or at the option of the association;  and(21)  the method by which the value of a member's interest is determined by conclusive appraisal by the board of directors.|Acts 1981, 67th Leg., p. 1108, ch. 388, Sec. 1, eff. Sept. 1, 1981.|
TX Agric Code § 52.061 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 52 - Cooperative Marketing Associations|Subchapter E. Membership Certificates and Stock|Section 52.061. Stock

Sec. 52.061.  STOCK.  A marketing association may be organized with or without capital stock.|Acts 1981, 67th Leg., p. 1108, ch. 388, Sec. 1, eff. Sept. 1, 1981.|
TX Agric Code § 52.062 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 52 - Cooperative Marketing Associations|Subchapter E. Membership Certificates and Stock|Section 52.062. Issuance of Membership Certificates

Sec. 52.062.  ISSUANCE OF MEMBERSHIP CERTIFICATES.  When a member of a marketing association organized without capital stock has paid the membership fee in full, the association shall issue to the member a certificate of membership.|Acts 1981, 67th Leg., p. 1108, ch. 388, Sec. 1, eff. Sept. 1, 1981.|
TX Agric Code § 52.063 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 52 - Cooperative Marketing Associations|Subchapter E. Membership Certificates and Stock|Section 52.063. Issuance of Shares

Sec. 52.063.  ISSUANCE OF SHARES.  (a)  Subject to this section, a marketing association organized with capital stock may from time to time sell and issue shares of capital stock in the manner and under the terms prescribed by its bylaws.(b)  A marketing association may issue common stock only to a person who satisfies the membership requirements prescribed by Section 52.081 of this code.(c)  A marketing association may not sell and issue shares of preferred stock to a person who is not a member of the association unless the association first complies with The Securities Act (Title 12, Government Code).(d)  A marketing association may not issue shares of stock to a member until the member has fully paid for the shares.(e)  A marketing association may accept promissory notes of members as full or partial payment for stock.  The association shall hold the stock as security for payment of the note.  The association's retention of the stock does not affect the member's right to vote.|Acts 1981, 67th Leg., p. 1109, ch. 388, Sec. 1, eff. Sept. 1, 1981.Amended by: Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.01, eff. January 1, 2022.|
TX Agric Code § 52.064 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 52 - Cooperative Marketing Associations|Subchapter E. Membership Certificates and Stock|Section 52.064. Common Stock

Sec. 52.064.  COMMON STOCK.  (a)  If a marketing association consists of fewer than 20 stockholders, a stockholder may not own more than one share of the marketing association's issued common stock.  If the marketing association consists of 20 or more stockholders, a stockholder may not own more than one-twentieth of a marketing association's issued common stock.  A marketing association with more than 20 stockholders, by its bylaws, may limit the amount of common stock that one stockholder may own to an amount less than one-twentieth of the issued common stock.(b)  At any time, except when the association's debts exceed 50 percent of its assets, a marketing association may purchase its common stock at the book value conclusively determined by its board of directors and pay cash for the stock within one year thereafter.(c)  A person may not transfer common stock of a marketing association to a person who does not produce agricultural products handled by the association.  The association shall state this restriction in its bylaws and shall print the restriction on each common stock certificate.|Acts 1981, 67th Leg., p. 1109, ch. 388, Sec. 1, eff. Sept. 1, 1981.  Amended by Acts 1983, 68th Leg., p. 1551, ch. 296, Sec. 3, eff. June 14, 1983.|
TX Agric Code § 52.065 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 52 - Cooperative Marketing Associations|Subchapter E. Membership Certificates and Stock|Section 52.065. Preferred Stock

Sec. 52.065.  PREFERRED STOCK.  (a)  A marketing association organized with capital stock may issue preferred stock with or without the right to vote.(b)  The association may redeem preferred stock on conditions provided by the association's articles of incorporation and printed on the face of the stock certificates.|Acts 1981, 67th Leg., p. 1109, ch. 388, Sec. 1, eff. Sept. 1, 1981.|
TX Agric Code § 52.066 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 52 - Cooperative Marketing Associations|Subchapter E. Membership Certificates and Stock|Section 52.066. Stock Issued on Purchase of Property

Sec. 52.066.  STOCK ISSUED ON PURCHASE OF PROPERTY.  (a)  If a marketing association organized with capital stock purchases stock, property, or an interest in property, it may discharge its obligations, in whole or part, by exchanging for its acquisition shares of preferred stock the par value of which equals the value of the purchased property as determined by the board of directors.(b)  In the transaction described by Subsection (a) of this section, the transfer of the purchased property to the association is considered payment in cash for the issued shares of preferred stock.|Acts 1981, 67th Leg., p. 1109, ch. 388, Sec. 1, eff. Sept. 1, 1981.|
TX Agric Code § 52.081 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 52 - Cooperative Marketing Associations|Subchapter F. Members|Section 52.081. Membership

Sec. 52.081.  MEMBERSHIP.  (a)  Membership of a marketing association is limited to persons who produce agricultural products handled by or through the association, including the lessees and tenants of land used to produce those products and any lessors and landlords who receive as rent part of the crop raised on the leased land.  A marketing association may be a member of another marketing association.(b)  A marketing association shall admit members under terms and conditions prescribed in its bylaws.(c)  If a member of a marketing association organized without capital stock is not a natural person, the member may be represented by any individual, an associate officer, or one of its members, authorized in writing to act for it.|Acts 1981, 67th Leg., p. 1110, ch. 388, Sec. 1, eff. Sept. 1, 1981.|
TX Agric Code § 52.082 (2021)
2021 Texas Statutes|Agriculture Code|Title 4 - Agricultural Organizations|Chapter 52 - Cooperative Marketing Associations|Subchapter F. Members|Section 52.082. New Members

Sec. 52.082.  NEW MEMBERS.  (a)  A marketing association organized without capital stock may admit new members.(b)  If the property rights of the association's members are unequal, a new member is entitled to share the property of the association with the old members in accordance with the general rules stated in the articles of incorporation.|Acts 1981, 67th Leg., p. 1110, ch. 388, Sec. 1, eff. Sept. 1, 1981.|