Sec. 2116.052. ELECTRONIC INFORMATION SHARING SYSTEMS AND PROCESSES. The comptroller by rule shall require a depository agent to maintain suitable systems and processes for electronic information sharing and communication with the comptroller and the depository to ensure that all transactions effected on behalf of the depository are reported to and integrated into the depository's records not later than 11:59:59 p.m. on the date of each transaction.
Added by Acts 2015, 84th Leg., R.S., Ch. 1000 (H.B. 483), Sec. 1, eff. June 19, 2015.
Section: Previous 2116.014 2116.015 2116.016 2116.017 2116.018 2116.019 2116.020 2116.021 2116.022 2116.023 2116.024 2116.025 2116.026 2116.051 2116.052Last modified: September 28, 2016