Section 251.153 - Subscribers(a) A person is a subscriber of a cooperative association only if the person is: (1) eligible for membership in the cooperative association under Section 251.151; and(2) legally obligated to purchase a share or membership in the cooperative association.(b) The certificate of formation or bylaws of a cooperative association may state whether and the conditions under which voting rights or other membership rights are granted to a subscriber of the cooperative association.Tex. Bus. Org. Code § 251.153
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.