Texas Finance Code

§ 31.105 — EXAMINATION REQUIRED

FI § 31.105Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part A. BANKS · Ch. 31. GENERAL PROVISIONS · Art. B. REGULATION OF BANKING BY BANKING COMMISSIONER

Statute text

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(a)The banking commissioner shall examine each state bank 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 depositors, creditors, and shareholders; and

(2)efficiently enforce applicable law.

(b)The banking commissioner may:

(1)accept an examination of a state bank by a federal or other governmental agency instead of an examination under this section; or

(2)conduct an examination of a state bank jointly with a federal or other governmental agency.

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Legislative history

Acts 2013, 83rd Leg., R.S., Ch. 940 (H.B. 1664), Sec. 3, eff. June 14, 2013. Acts 2019, 86th Leg., R.S., Ch. 652 (S.B. 1823), Sec. 2, eff. September 1, 2019. Acts 2023, 88th Leg., R.S., Ch. 989 (H.B. 3574), Sec. 3, eff. June 18, 2023.