Texas Agriculture Code Chapter 55 – Cooperative Credit Associations


§ 55.001	Powers
§ 55.002	Incorporators
§ 55.003	Articles of Incorporation
§ 55.004	Capital Stock
§ 55.005	Loans
§ 55.006	Ratio of Capital to Loans
§ 55.007	Repurchase of Stock
§ 55.008	Reports
§ 55.009	Fees
§ 55.010	Exemption From Franchise Tax

Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
Lien: A claim against real or personal property in satisfaction of a debt.
Livestock: means cattle, horses, mules, asses, sheep, goats, llamas, alpacas, exotic livestock, including elk and elk hybrids, and hogs, unless otherwise defined. See Texas Agriculture Code 1.003
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.