{"data":{"id":"us-tx/tex.-agriculture-code-55.001","jurisdiction":"us-tx","citation":"Tex. Agriculture Code § 55.001","heading":"POWERS.","body":"An association formed under this chapter may:\n(1) borrow money for and lend money to its members;\n(2) discount, rediscount, endorse, purchase, or sell notes, bills, or other evidences of indebtedness of its members that may be discounted or rediscounted under the rules prescribed by the Farm Credit Administration; and\n(3) exercise the powers authorized by the general corporation laws of this state unless the law granting the power conflicts with this chapter.\nActs 1981, 67th Leg., p. 1121, ch. 388, Sec. 1, eff. Sept. 1, 1981.","path":["AGRICULTURE CODE","TITLE 4. AGRICULTURAL ORGANIZATIONS","CHAPTER 55. COOPERATIVE CREDIT ASSOCIATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/AG/htm/AG.55.htm#55.001","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:50Z","sha256":"309097a6d7ad9ff873c5f60861402bab1cff86d6aa39cdbf8310248d979001f6","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-agriculture-code-54.013","next":"us-tx/tex.-agriculture-code-55.002"},"notice":"GroundRules: Original legal text. Not legal advice."}