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Texas Statutes (Last Updated: January 4, 2014) |
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FINANCE CODE |
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Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES |
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Subtitle A. BANKS |
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Chapter 31. GENERAL PROVISIONS |
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Subchapter B. REGULATION OF BANKING BY BANKING COMMISSIONER |
Sec. 31.105. EXAMINATION REQUIRED
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(a) The banking commissioner shall examine each state bank annually, or on another periodic basis as may be required by rule or policy, or as the commissioner considers necessary to:
(1) safeguard the interests of depositors, creditors, and shareholders; and
(2) efficiently enforce applicable law.
(b) The banking commissioner may:
(1) accept an examination of a state bank by a federal or other governmental agency instead of an examination under this section; or
(2) conduct an examination of a state bank jointly with a federal or other governmental agency.
(c) The banking commissioner may administer oaths and examine persons under oath on any subject that the commissioner considers pertinent to the financial condition or the safety and soundness of the activities of a state bank.
(d) Disclosure of information to the banking commissioner pursuant to an examination request does not constitute a waiver of or otherwise affect or diminish an evidentiary privilege to which the information is otherwise subject. A report of an examination under this section is confidential and may be disclosed only under the circumstances provided by this subtitle.