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Tex. Fin. Code § 31.108

CALL REPORT; PENALTY

Known as the Texas Banking Act

The act spans §§ 31–59 (247 sections).

Applied in 1 court decision — leading case De La Cruz v. Brown (2003)

Most recently applied in De La Cruz v. Brown (June 2003)

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff

(a) A state bank shall file with the banking commissioner a copy of its call report stating the bank's financial condition and results of operation.

(b) The finance commission by rule may:

(1) require call reports to be filed with the banking commissioner at the intervals the commission determines;

(2) specify the form of a call report, including the confidential and public information to be in the call report; and

(3) require public information in call reports of state banks to be published at the times and in the publications and locations the commission determines.

(c) A state bank that fails to timely file its call report as required by this section is subject to a penalty not exceeding $500 a day to be collected by suit by the attorney general on behalf of the banking commissioner.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.