Untitled Texas Attorney General Opinion

@ffice of the EIttornep @enerat &ate of tEexa8 DAN MORALES ATTORNEY GENERAL March 10, 1995 Honorable Kenny Marchant Opinion No. DM-332 Chair Committee on Investments and Banking Re: Whether certain subordiited debt Texas House of Representatives of a pawnshop must be included in the P.O. Box 2910 calculation of net assets for purposes of Austin, Texas 78768-2910 determining eligibility for a pawnshop license under the Texas Pawnshop Act, V.T.C.S. tit. 79, ch. 51 (RQ-724) You have asked whether certain subordinated debts constitute applicable liabiities that must be included in the calculation…