Public-domain · open source
OpenJurist

Tex. Fin. Code § 89.051

ACCESS TO BOOKS AND RECORDS OF ASSOCIATION

Known as the Texas Savings and Loan Act

The act spans §§ 61–89 (217 sections).

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

(a) The books and records of an association may be examined only by:

(1) the commissioner or the commissioner's representative in accordance with Sections 66.051, 66.053, and 66.054;

(2) a person authorized to act for the association;

(3) an agent of a governmental agency that has insured the savings accounts of the association; or

(4) a borrower or savings account holder of the association, in accordance with Subsection (b).

(b) A borrower or savings account holder of an association is entitled to examine only the books and records of the association that pertain to the person's loan or savings account.

(c) A person is entitled to a partial or complete list of the stockholders of a stock association or of the members of a mutual association only if expressly permitted by the association's board.

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