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Texas Agriculture Code - Chapter 56 Agricultural Finance CorporationsLegal Research Home > Texas Lawyer > Agriculture Code > Texas Agriculture Code - Chapter 56 Agricultural Finance Corporations In this chapter: (1) "Agricultural finance corporation" means a corporation formed under this chapter. (2) "Ready marketable, staple, nonperishable agricultural products" means agricultural products that: ... 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 ... 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 ... At all times an agricultural finance corporation shall have authorized capital stock in the amount of $500,000 or more. Acts 1981, 67th Leg., p. 1124, ... At all times, an agricultural finance corporation shall have one-half or more of its paid-in capital invested in obligations of the United States, this state, ... (a) For the purposes of this section, the existing obligations of an agricultural finance corporation include the primary, secondary, fixed, and contingent obligations of the ... (a) Except as otherwise provided by this section, an agricultural finance corporation or any banking corporation or trust company, except a savings bank, may hold ... (a) An agricultural finance corporation is subject to the supervision and control of the banking commissioner and shall conform to the rules adopted by the ... Texas Lawyers
Last modified: August 10, 2007 |