Texas Finance Code

§ 31.308 — SHAREHOLDER INSPECTION RIGHTS

FI § 31.308Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part A. BANKS · Ch. 31. GENERAL PROVISIONS · Art. D. CONFIDENTIALITY OF INFORMATION

Statute text

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(a)Notwithstanding Section 21.218 or 101.502, Business Organizations Code, a shareholder of a state bank may not examine:

(1)a report of examination or other confidential property of the department that is in the possession of the state bank; or

(2)a book or record of the state bank that directly or indirectly pertains to financial or other information maintained by the bank on behalf of its customers, including a specific item in the minutes of the board or a committee of the board regarding loan review and approval or a loan delinquency report that would tend to identify the bank's customer.

(b)This section does not affect a right of a shareholder of a state bank acting in another capacity. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by:

Legislative history

Acts 2007, 80th Leg., R.S., Ch. 237 (H.B. 1962), Sec. 7, eff. September 1, 2007.