Sec. 181.106. REGULATION AND EXAMINATION OF RELATED ENTITIES. (a) The banking commissioner may regulate and examine, to the same extent as if the services or activities were performed by a state trust company on its own premises:
(1) the activities of a state trust company affiliate; and
(2) the performance of data processing, electronic fund transfers, or other services or activities performed on behalf of a state trust company by a third-party contractor.
(b) The banking commissioner may collect a fee from the state trust company to cover the cost of the examination.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.
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