Tex. Bus. Org. Code § 251.204
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
The minimum amount necessary for membership in a cooperative association, not to exceed $50, is exempt from attachment, execution, or garnishment for the debts of a member of a cooperative association. If a member's holdings are subject to attachment, execution, or garnishment, the directors of the cooperative association may admit the purchaser to membership or may purchase the holdings at par value.
Tex. Bus. Org. Code § 251.204