Tex. Agric. Code § 56.002 · Chapter 56. AGRICULTURAL FINANCE CORPORATIONS
PURPOSE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
An agricultural finance corporation may be organized to deal in:
(1) acceptances and other receipts that are used to aid or are issued because of the transportation, warehousing, distribution, or financing of ready marketable, staple, nonperishable agricultural products in domestic and foreign trade; and
(2) acceptances of banking corporations not secured by or representing any ready marketable, staple, nonperishable agricultural products.
Notes and commentary — not statutory text
History
Acts 1981, 67th Leg., p. 1124, 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.56.htm
- Text hash
- sha256 ee0a7d64c42b753e0f5c54e1d590dfc4d31efccfb13183fe8961ade3fca1677e
- 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.