Texas § AG.56.008 - REGULATION BY BANKING COMMISSIONER
Full text of Texas The Texas Constitution § AG.56.008 — REGULATION BY BANKING COMMISSIONER, with citation guidance and answers to common questions.
§ AG.56.008. REGULATION BY BANKING COMMISSIONER
REGULATION BY BANKING COMMISSIONER. (a) An agricultural finance corporation is subject to the supervision and control of the banking commissioner and shall conform to the rules adopted by the banking commissioner. (b) An agricultural finance corporation may not begin business until authorized to do so by the banking commissioner after it satisfactorily shows that it has complied with the law. (c) An agricultural finance corporation is subject to the following requirements as if it were a state bank: (1) it shall make reports to the banking commissioner; (2) it shall permit periodic visitations and examinations conducted under the banking commissioner's direction; and (3) it shall pay fees for those examinations. (d) The banking commissioner may take charge of and liquidate an agricultural finance corporation for causes prescribed for similar actions against a state bank. Acts 1981, 67th Leg., p. 1125, ch. 388, Sec. 1, eff. Sept. 1, 1981.
Frequently Asked Questions About Texas § AG.56.008
What does The Texas Constitution § AG.56.008 cover?
Section AG.56.008 ("REGULATION BY BANKING COMMISSIONER") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § AG.56.008?
A common citation format is "The Texas Constitution § AG.56.008" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § AG.56.008 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.