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Texas Agriculture Code - AGRIC § 56.002. Purpose

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

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.

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Cite this article: FindLaw.com - Texas Agriculture Code - AGRIC § 56.002. Purpose - last updated January 01, 2024 | https://codes.findlaw.com/tx/agriculture-code/agric-sect-56-002/

Read this complete Texas Agriculture Code - AGRIC § 56.002. Purpose on Westlaw. Westlaw subscription required.

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