Tex. Agric. Code § 56.003 · Chapter 56. AGRICULTURAL FINANCE CORPORATIONS
ASSETS REPRESENTED BY ACCEPTANCES OF BANKING CORPORATIONS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
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.
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 268255d968d75e03b69025c3df2752298524f9e5265df526c7dafd84a4c607b3
- 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.