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Texas Agriculture Code - AGRIC § 56.001. Definitions

Current as of January 01, 2024 | Updated by Findlaw Staff

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:

(A) are commonly dealt in ready markets so that their values are easily and definitely ascertainable and realized on short notice;  and

(B) ordinarily do not substantially depreciate in quality during the period of immaturity of the obligations that are secured by or that represent those products.

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Cite this article: FindLaw.com - Texas Agriculture Code - AGRIC § 56.001. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/tx/agriculture-code/agric-sect-56-001/

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