Texas Agriculture Code Title 4, Chapter 56 - Agricultural Finance Corporations

• Texas Section 56.001 - Definitions
  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:...
• Texas Section 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...
• Texas 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...
• Texas Section 56.004 - Capital Stock
  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,...
• Texas Section 56.005 - Investment Of Capital
  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,...
• Texas Section 56.006 - Limit Of Indebtedness
  (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...
• Texas Section 56.007 - Stock Ownership
  (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...
• Texas Section 56.008 - Regulation By Banking Commissioner
  (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...

Last modified: September 28, 2016