Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Agriculture Code § 54.008: RATIO OF CAPITAL TO LOANS.

Where this section sits in the code

AGRICULTURE CODE
TITLE 4. AGRICULTURAL ORGANIZATIONS
CHAPTER 54. MUTUAL LOAN CORPORATIONS

(a) A corporation formed under this chapter shall automatically increase its capital stock at the rate of five percent of the amount of loans made by the corporation to shareholders of its common stock.

(b) The corporation's articles of incorporation and bylaws must state the requirement of Subsection (a) of this section.

Acts 1981, 67th Leg., p. 1120, ch. 388, Sec. 1, eff. Sept. 1, 1981.

Collected 2026-08-27T01:46:50Z. Source file · JSON

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