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

Tex. Agriculture Code § 55.006: RATIO OF CAPITAL TO LOANS.

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Where this section sits in the code
  1. AGRICULTURE CODE
  2. TITLE 4. AGRICULTURAL ORGANIZATIONS
  3. CHAPTER 55. COOPERATIVE CREDIT ASSOCIATIONS

(a) The total amount of the outstanding loans or discounts of an association formed under this chapter may not exceed an amount equal to 10 times the amount of the association's paid-up unimpaired capital stock.

(b) The articles of incorporation of an association formed under this chapter must state the requirement of Subsection (a) of this section.

Acts 1981, 67th Leg., p. 1122, ch. 388, Sec. 1, eff. Sept. 1, 1981.

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

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