Sec. 887.307.  REVENUE OF ASSOCIATION;  DEPOSIT.  (a)  The revenue of an association must be derived from:
(1)  membership fees;  and
(2)  assessments.
(b)  Not later than the fifth day after the date an association collects revenue, the association shall deposit the revenue in a state or national bank.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.