Texas Business Organizations Code 251.351 – Recordkeeping
Current as of: 2024 | Check for updates
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Terms Used In Texas Business Organizations Code 251.351
- Association: means an entity governed as an association under Title 6 or 7. See Texas Business Organizations Code 1.002
- Business: means a trade, occupation, profession, or other commercial activity. See Texas Business Organizations Code 1.002
- cooperative association: means an association governed as a cooperative association under Chapter 251. See Texas Business Organizations Code 1.002
A cooperative association shall keep books and records relating to the cooperative association‘s business operation in accordance with standard accounting practices.