(a) The custodian shall maintain a separate, accurate, and complete record relating to each pledged security and each transaction relating to a pledged security.     
      (b) The comptroller or the executive administrator may examine and verify at any reasonable time a pledged security or a record a custodian maintains under this section. The board or its agent may inspect at any time a pledged security evidenced by a trust receipt.     
      (c) The custodian shall file a collateral report with the comptroller in the manner and on the dates prescribed by the comptroller.     
     Source Note:        The provisions of this §367.25 adopted to be effective May 9, 2005, 30 TexReg 2680