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

Tex. Agriculture Code § 56.003: ASSETS REPRESENTED BY ACCEPTANCES OF BANKING CORPORATIONS.

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Where this section sits in the code
  1. AGRICULTURE CODE
  2. TITLE 4. AGRICULTURAL ORGANIZATIONS
  3. CHAPTER 56. AGRICULTURAL FINANCE CORPORATIONS

At any time, the total assets of an agricultural finance corporation that are represented by acceptances of banking corporations not secured by or representing ready marketable, staple, nonperishable agricultural products may not exceed an amount equal to 10 percent of the unimpaired capital of the corporation.

Acts 1981, 67th Leg., p. 1124, ch. 388, Sec. 1, eff. Sept. 1, 1981.

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

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