Texas Agriculture Code - Section 56.002. Purpose
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§ 56.002. PURPOSE. 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.
Acts 1981, 67th Leg., p. 1124, ch. 388, § 1, eff. Sept. 1, 1981.
Section: 55.005 55.006 55.007 55.008 55.009 55.010 56.001 56.002 56.003 56.004 56.005 56.006 56.007 56.008
Last modified: August 10, 2007
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