Sec. 204.004.  REPORTS.  (a)  A foreign bank doing business in this state through a Texas state branch, agency, or representative office shall make written reports to the commissioner that:
(1)  are in English;
(2)  are submitted at the times and in the form specified by the commissioner or by rules adopted under this subtitle;
(3)  are under oath of one of the foreign bank's officers, managers, or agents transacting business in this state;
(4)  show the amount of the foreign bank's assets and liabilities, expressed in United States currency;
(5)  with respect to a Texas state branch or agency, show the amount of the branch or agency's assets and liabilities, expressed in United States currency;  and
(6)  contain other information that the commissioner requires.
(b)  A license or registration of a foreign bank under this chapter may be revoked or the foreign bank may be subject to an enforcement action under Chapter 35 if the foreign bank fails to make a report required under Subsection (a) or makes a material false or misleading statement in the report.
Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.