Texas Business Organizations Code - Section 23.051. Definitions
Legal Research Home >
Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 23.051. Definitions
§ 23.051. DEFINITIONS. In this subchapter:
(1) "Corporation" means a business development
corporation organized under this subchapter.
(2) "Financial institution" means a banking
corporation or trust company, savings and loan association,
governmental agency, insurance company, or related corporation,
partnership, foundation, or other institution engaged primarily in
lending or investing funds.
(3) "Loan limit" means the maximum amount permitted to
be outstanding at one time on loans made by a member to a
corporation.
(4) "Member" means a financial institution authorized
to do business in this state that undertakes to lend money to a
corporation.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 22.406 22.407 22.408 22.409 23.001 23.002 23.003 23.051 23.052 23.053 23.054 23.055 23.056 23.057 23.058
Last modified: August 11, 2007
|
