Tex. Agric. Code § 54.013 · Chapter 54. MUTUAL LOAN CORPORATIONS
EXEMPTION FROM FRANCHISE TAX.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
Corporations formed under this chapter are not required to pay franchise taxes.
Notes and commentary — not statutory text
History
Acts 1981, 67th Leg., p. 1121, ch. 388, Sec. 1, eff. Sept. 1, 1981.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/AG/htm/AG.54.htm
- Text hash
- sha256 92057926b3303ee81fa242a2723e40d5434c87ccb36ed39949cace93eb346cc9
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.