Legal Opinion
Opinion No.
Texas Attorney General Reports
Decided March 10, 1995Published
1Opinion of the Court
Honorable Kenny Marchant Chair Committee on Investments and Banking Texas House of Representatives P.O. Box 2910 Austin, Texas 78768-2910
Re: Whether certain subordinated debt of a pawnshop must be included in the calculation of net assets for purposes of determining eligibility for a pawnshop license under the Texas Pawnshop Act, V.T.C.S. tit. 79, ch. 51 (RQ-724)
Dear Representative Marchant:
You have asked whether certain subordinated debts constitute applicable liabilities that must be included in the calculation of net assets for purposes of the Texas Pawnshop Act (the "act"), V.T.C.S. tit.…