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Texas Finance Code - Section 33.202. Filing Of Notice Of Copy Of Participation Agreement

Legal Research Home > Texas Lawyer > Finance Code > Texas Finance Code - Section 33.202. Filing Of Notice Of Copy Of Participation Agreement

§ 33.202. FILING OF NOTICE OF COPY OF PARTICIPATION AGREEMENT. (a) A limited banking association shall file with the banking commissioner a copy of any participation agreement by which a participant of the limited banking association agrees to become a full liability participant and the name and address of each full liability participant. The filed copy is a public record. (b) The banking commissioner may require a complete copy of the participation agreement to be filed with the department, regardless of whether the limited banking association has a full liability participant, except that the provisions of the participation agreement other than those by which a participant of the limited banking association agrees to become a full liability participant are confidential and subject to release only as provided by Subchapter D, Chapter 31. Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.

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Last modified: August 10, 2007