Tex. Agriculture Code § 56.002
This is the official text of Tex. Agriculture Code § 56.002, part of Texas’s Agriculture Code — regulates farming, livestock, and agricultural commerce.
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§ 56.002. PURPOSE.
Official statutory text
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.
(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.
Status: in_force · Read it on the official government site
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