§ 301.001 Definitions
§ 301.002 Creation of Hospital Laundry Cooperative Association
§ 301.003 Articles of Incorporation
§ 301.004 Use of Public Funds Prohibited
§ 301.005 Membership; Membership Privileges; Expulsion of Members
§ 301.006 Membership Not Required
§ 301.007 Powers of Hospital Laundry Cooperative Association
§ 301.008 Cost of Services
§ 301.009 Bonds, Notes, or Other Obligations
§ 301.010 Bonds as Investments
§ 301.011 Bonds as Security for Deposits
§ 301.012 Liability to Creditors
§ 301.013 Tax Exemption
§ 301.014 Annual Report
§ 301.015 Surplus Revenue
§ 301.016 Loans to Members Prohibited
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Terms Used In Texas Health and Safety Code Chapter 301 > Subchapter A - Hospital Laundry Cooperative Associations

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Annual percentage rate: The cost of credit at a yearly rate. It is calculated in a standard way, taking the average compound interest rate over the term of the loan so borrowers can compare loans. Lenders are required by law to disclose a card account's APR. Source: FDIC
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Fiduciary: A trustee, executor, or administrator.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Personal property: All property that is not real property.
  • Population: means the population shown by the most recent federal decennial census. See Texas Government Code 311.005
  • Property: means real and personal property. See Texas Government Code 311.005
  • sworn: includes affirm or affirmed. See Texas Government Code 312.011
  • Trustee: A person or institution holding and administering property in trust.
  • Year: means 12 consecutive months. See Texas Government Code 311.005