Texas Finance Code - Section 31.308. Shareholder Inspection Rights
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§ 31.308. SHAREHOLDER INSPECTION RIGHTS. (a)
Notwithstanding Article 2.44, Texas Business Corporation Act, a
shareholder or participant of a state bank may not examine:
(1) a report of examination or other confidential
property of the department that is in the possession of the state
bank; or
(2) a book or record of the state bank that directly or
indirectly pertains to financial or other information maintained by
the bank on behalf of its customers, including a specific item in
the minutes of the board or a committee of the board regarding loan
review and approval or a loan delinquency report that would tend to
identify the bank's customer.
(b) This section does not affect a right of a shareholder or
participant of a state bank acting in another capacity.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 31.301 31.302 31.303 31.304 31.305 31.306 31.307 31.308 32.001 32.002 32.003 32.004 32.005 32.006 32.007
Last modified: August 10, 2007
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