{"data":{"id":"us-tx/tex.-finance-code-33.104","jurisdiction":"us-tx","citation":"Tex. Finance Code § 33.104","heading":"ADVISORY DIRECTOR.","body":"(a) An advisory director is not considered a director if the advisory director:\n(1) is not elected by the shareholders of the bank;\n(2) does not vote on matters before the board or a committee of the board;\n(3) is not counted for purposes of determining a quorum of the board or committee; and\n(4) provides solely general policy advice to the board.\n(b) A state bank may not disclose to an advisory director confidential information pertaining to the bank or the bank's customers unless:\n(1) the board adopts a resolution that designates the advisory director as a person who is officially connected to the bank and that describes the purpose for disclosure of the information, which must be a reasonable business purpose; and\n(2) the disclosure is made under a written confidentiality agreement between the bank and the advisory director.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.\nAmended by:\nActs 2007, 80th Leg., R.S., Ch. 237 (H.B. 1962), Sec. 28, eff. September 1, 2007.\nActs 2013, 83rd Leg., R.S., Ch. 940 (H.B. 1664), Sec. 5, eff. June 14, 2013.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE A. BANKS","CHAPTER 33. OWNERSHIP AND MANAGEMENT OF STATE BANK","SUBCHAPTER B. BOARD AND OFFICERS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.33.htm#33.104","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"d6900f4b0c9f4636c53d75053d3f52fd54bba23198febfdcf1f6a96ac812afca","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-33.103","next":"us-tx/tex.-finance-code-33.105"},"notice":"GroundRules: Original legal text. Not legal advice."}