Tex. Finance Code § 181.107
This is the official text of Tex. Finance Code § 181.107, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 181.107. STATEMENTS OF CONDITION AND INCOME; PENALTY.
Official statutory text
(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 or 182.019 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.
(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 or 182.019 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.
Status: in_force · Read it on the official government site
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