Sec. 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 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.
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.