Tex. Agric. Code § 56.003

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 56.003 - Assets Represented By Acceptances of Banking Corporations

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.

Tex. Agric. Code § 56.003

Acts 1981, 67th Leg., p. 1124, ch. 388, Sec. 1, eff. 9/1/1981.