Sec. 35.006. COPY OF LETTER OR ORDER IN BANK RECORDS. A copy of a determination letter, proposed order, emergency order, or final order issued by the banking commissioner under this subchapter shall be immediately brought to the attention of the board of the affected bank, regardless of whether the bank is a party, and filed in the minutes of the board. Each director shall immediately certify to the banking commissioner in writing that the certifying person has read and understood the determination letter, proposed order, emergency order, or final order. The required certification may not be considered an admission of a person in a subsequent legal or administrative proceeding.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 237 (H.B. 1962), Sec. 44, eff. September 1, 2007.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 35 - Enforcement Actions
Subchapter A. Enforcement Orders: Banks and Management
Section 35.0001. Applicability to Bank Subsidiaries
Section 35.001. Determination Letter
Section 35.002. Cease and Desist Order
Section 35.003. Removal or Prohibition Order
Section 35.0035. Removal or Prohibition Orders in Response to Certain Criminal Offenses
Section 35.004. Hearing on Proposed Order
Section 35.005. Emergency Order
Section 35.006. Copy of Letter or Order in Bank Records
Section 35.007. Effect of Final Removal or Prohibition Order
Section 35.0071. Application for Release From Final Removal or Prohibition Order
Section 35.008. Limitation on Action
Section 35.009. Enforcement by Commissioner
Section 35.010. Administrative Penalty
Section 35.011. Payment or Appeal of Administrative Penalty