Texas Finance Code
§ 181.104 — EXAMINATION REQUIREMENT
FI § 181.104Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part F. TRUST COMPANIES · Ch. 181. GENERAL PROVISIONS · Art. B. REGULATION OF TRUST COMPANIES BY BANKING DEPARTMENT
Statute text
View on source(a)The banking commissioner shall examine each state trust company annually, or on another periodic basis as may be required by rule or policy, or as the commissioner considers necessary to:
(1)safeguard the interests of clients, creditors, shareholders, participants, or participant-transferees; and
(2)efficiently enforce applicable law.
(b)Repealed by Acts 2015, 84th Leg., R.S., Ch. 250 , Sec. 11(1), eff. September 1, 2015.
(c)Repealed by Acts 2015, 84th Leg., R.S., Ch. 250 , Sec. 11(1), eff. September 1, 2015.
(d)Disclosure of information to the banking commissioner pursuant to an examination request or a subpoena issued under this section does not constitute a waiver of or otherwise affect or diminish an evidentiary privilege to which the information is otherwise subject. A report of an examination under this section is confidential and may be disclosed only under the circumstances provided by this subtitle.
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Legislative history
Acts 2013, 83rd Leg., R.S., Ch. 940 (H.B. 1664), Sec. 12, eff. June 14, 2013. Acts 2015, 84th Leg., R.S., Ch. 250 (S.B. 875), Sec. 2, eff. September 1, 2015. Acts 2015, 84th Leg., R.S., Ch. 250 (S.B. 875), Sec. 11(1), eff. September 1, 2015. Acts 2019, 86th Leg., R.S., Ch. 652 (S.B. 1823), Sec. 8, eff. September 1, 2019.