If the recipient of a loan guarantee defaults on a loan that is guaranteed under this subchapter and the authority is required to honor its guarantee, the authority, through its representative, may bring suit against the defaulting party. Any suit brought by the authority under this section may have venue in Travis County.
Tex. Agric. Code § 58.055
DEFAULT
Known as the Texas Agricultural Finance Act
The act spans §§ 58–58 (55 sections).
Added by Acts 1999, 76th Leg., ch. 1459, Sec. 14, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.