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Texas Agriculture Code - AGRIC § 56.002. Purpose

Current as of April 14, 2021 | 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 April 14, 2021 | https://codes.findlaw.com/tx/agriculture-code/agric-sect-56-002/

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

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

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