Notes given for membership certificates of a society are valid subscription contracts and are the property of the society.
Tex. Agric. Code § 51.015
NOTES AS SUBSCRIPTION CONTRACTS
Acts 1981, 67th Leg., p. 1099, ch. 388, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.