Sec. 33.104.  ADVISORY DIRECTOR.  (a)  An advisory director is not considered a director if the advisory director:
(1)  is not elected by the shareholders of the bank;
(2)  does not vote on matters before the board or a committee of the board;
(3)  is not counted for purposes of determining a quorum of the board or committee; and
(4)  provides solely general policy advice to the board.
(b)  A state bank may not disclose to an advisory director confidential information pertaining to the bank or the bank's customers unless:
(1)  the board adopts a resolution that designates the advisory director as a person who is officially connected to the bank and that describes the purpose for disclosure of the information, which must be a reasonable business purpose;  and
(2)  the disclosure is made under a written confidentiality agreement between the bank and the advisory director.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by: 
Acts 2007, 80th Leg., R.S., Ch. 237 (H.B. 1962), Sec. 28, eff. September 1, 2007.
Acts 2013, 83rd Leg., R.S., Ch. 940 (H.B. 1664), Sec. 5, eff. June 14, 2013.