Tex. Fin. Code Section 181.107
Statements of Condition and Income; Penalty

(a)

Each state trust company periodically shall file with the banking commissioner a copy of its statement of condition and income.

(b)

The finance commission by rule may:

(1)

require the statement to be filed with the banking commission at the intervals the finance commission determines;

(2)

specify the form of the statement of condition and income, including specified confidential and public information to be in the statement; and

(3)

require public information in the statement to be published at the times and in the publications and locations the finance commission determines.

(c)

A statement of condition and income is a public record except for:

(1)

portions of the statement designated confidential by the banking commissioner; and

(2)

the statement of condition and income for a state trust company exempt under Section 182.011 (Exemption from Statutory Provisions for Certain State Trust Companies) or 182.019 (Prior Exemption) with regard to the period during which the exemption is in effect.

(d)

A state trust company that fails to file a statement of condition and income on or before the date it is due is, after notice and hearing, subject to a penalty of not more than $500 a day for each day of noncompliance.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 250 (S.B. 875), Sec. 3, eff. September 1, 2015.

Source: Section 181.107 — Statements of Condition and Income; Penalty, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­181.­htm#181.­107 (accessed Jun. 5, 2024).

Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 181.107’s source at texas​.gov