Tex. Bus. Orgs. Code Section 23.051
Definitions

In this subchapter:

(1)

“Corporation” means a business development corporation organized under this subchapter.

(2)

“Financial institution” means a banking corporation or trust company, savings and loan association, governmental agency, insurance company, or related corporation, partnership, foundation, or other institution engaged primarily in lending or investing funds.

(3)

“Loan limit” means the maximum amount permitted to be outstanding at one time on loans made by a member to a corporation.

(4)

“Member” means a financial institution authorized to do business in this state that undertakes to lend money to a corporation.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Source: Section 23.051 — Definitions, https://statutes.­capitol.­texas.­gov/Docs/BO/htm/BO.­23.­htm#23.­051 (accessed Apr. 13, 2024).

Green check means up to date. Up to date

Accessed:
Apr. 13, 2024

§ 23.051’s source at texas​.gov