§ 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

Terms Used In Texas Agriculture Code Chapter 55

  • 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.