Purpose

Tex. Agriculture Code § 54.001, under Mutual Loan Corporations.

Tex. Agriculture Code § 54.001

Sec. 54.001. PURPOSE. A corporation may be formed under this chapter to aid shareholders of its common stock in: (1) producing, or producing and marketing, staple agricultural products; or (2) acquiring, raising, breeding, fattening, or marketing livestock. Acts 1981, 67th Leg., p. 1119, ch. 388, Sec. 1, eff. Sept. 1, 1981.