Texas Statutes
Chapter 54 - Mutual Loan Corporations
Section 54.013. Exemption From Franchise Tax

Sec. 54.013. EXEMPTION FROM FRANCHISE TAX. Corporations formed under this chapter are not required to pay franchise taxes.
Acts 1981, 67th Leg., p. 1121, ch. 388, Sec. 1, eff. Sept. 1, 1981.

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Structure Texas Statutes

Texas Statutes

Agriculture Code

Title 4 - Agricultural Organizations

Chapter 54 - Mutual Loan Corporations

Section 54.001. Purpose

Section 54.002. Powers

Section 54.003. Incorporators

Section 54.004. Capital Stock Requirement for Incorporation

Section 54.005. Capital Stock

Section 54.006. Investment by Other Corporations

Section 54.007. Investment of Capital

Section 54.008. Ratio of Capital to Loans

Section 54.009. Loans and Discounts

Section 54.010. Liability of Shareholder

Section 54.011. Repurchase of Stock

Section 54.012. Reports

Section 54.013. Exemption From Franchise Tax