{"data":{"id":"us-tx/tex.-agriculture-code-54.008","jurisdiction":"us-tx","citation":"Tex. Agriculture Code § 54.008","heading":"RATIO OF CAPITAL TO LOANS.","body":"(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.\n(b) The corporation's articles of incorporation and bylaws must state the requirement of Subsection (a) of this section.\nActs 1981, 67th Leg., p. 1120, ch. 388, Sec. 1, eff. Sept. 1, 1981.","path":["AGRICULTURE CODE","TITLE 4. AGRICULTURAL ORGANIZATIONS","CHAPTER 54. MUTUAL LOAN CORPORATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/AG/htm/AG.54.htm#54.008","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:50Z","sha256":"d6384c17dfeaea8b03876ee3f28e8987a78530608c9b39d803639dd3190d3a83","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-agriculture-code-54.007","next":"us-tx/tex.-agriculture-code-54.009"},"notice":"GroundRules: Original legal text. Not legal advice."}