{"data":{"id":"us-tx/tex.-finance-code-181.107","jurisdiction":"us-tx","citation":"Tex. Finance Code § 181.107","heading":"STATEMENTS OF CONDITION AND INCOME; PENALTY.","body":"(a) Each state trust company periodically shall file with the banking commissioner a copy of its statement of condition and income.\n(b) The finance commission by rule may:\n(1) require the statement to be filed with the banking commission at the intervals the finance commission determines;\n(2) specify the form of the statement of condition and income, including specified confidential and public information to be in the statement; and\n(3) require public information in the statement to be published at the times and in the publications and locations the finance commission determines.\n(c) A statement of condition and income is a public record except for:\n(1) portions of the statement designated confidential by the banking commissioner; and\n(2) the statement of condition and income for a state trust company exempt under Section 182.011 or 182.019 with regard to the period during which the exemption is in effect.\n(d) A state trust company that fails to file a statement of condition and income on or before the date it is due is, after notice and hearing, subject to a penalty of not more than $500 a day for each day of noncompliance.\nAdded by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.\nAmended by:\nActs 2015, 84th Leg., R.S., Ch. 250 (S.B. 875), Sec. 3, eff. September 1, 2015.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE F. TRUST COMPANIES","CHAPTER 181. GENERAL PROVISIONS","SUBCHAPTER B. REGULATION OF TRUST COMPANIES BY BANKING DEPARTMENT"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.181.htm#181.107","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"fef54723b11b5510fa0c1250055d1a395b6bfeeaae4ce7bfd9c748ce54d9da9f","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-181.106","next":"us-tx/tex.-finance-code-181.108"},"notice":"GroundRules: Original legal text. Not legal advice."}