Tex. Agriculture Code § 55.006
This is the official text of Tex. Agriculture Code § 55.006, part of Texas’s Agriculture Code — regulates farming, livestock, and agricultural commerce.
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§ 55.006. RATIO OF CAPITAL TO LOANS.
Official statutory text
(a) The total amount of the outstanding loans or discounts of an association formed under this chapter may not exceed an amount equal to 10 times the amount of the association's paid-up unimpaired capital stock.
(b) The articles of incorporation of an association formed under this chapter must state the requirement of Subsection (a) of this section.
(b) The articles of incorporation of an association formed under this chapter must state the requirement of Subsection (a) of this section.
Status: in_force · Read it on the official government site
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