Texas Finance Code

§ 119.102 — PRODUCTION AND ADMISSIBILITY OF ITEMS OF SAVINGS BANK IN JUDICIAL PROCEEDING

FI § 119.102Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part C. SAVINGS BANKS · Ch. 119. MISCELLANEOUS PROVISIONS APPLICABLE TO SAVINGS BANKS · Art. B. ACCESS TO AND DISCLOSURE OF CERTAIN INFORMATION

Statute text

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(a)In a judicial proceeding, the court may order the production of books, records, and files of a savings bank.

(b)The books, records, and files of a savings bank are not admissible as evidence in any proceeding concerning the validity of a tax assessment or the collection of delinquent taxes, penalties, and interest, unless:

(1)a stockholder or deposit account holder is a proper party to the proceeding, in which event a book, file, or record pertaining to the account of the party is admissible; or

(2)the savings bank is a proper party to the proceeding, in which event a book, file, or record material to the proceeding is admissible.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.