Sec. 96.051. ANNUAL AUDIT. (a) Not later than the 90th day after the date its fiscal year closes, a savings bank shall obtain an audit by an independent accounting firm that is a member of the American Institute of Certified Public Accountants or its successor.
(b) A copy of the audit and all correspondence reasonably related to the audit shall be provided to the commissioner.
(c) The finance commission may adopt rules as necessary to implement this section.
(d) Repealed by Acts 2013, 83rd Leg., R.S., Ch. 464, Sec. 15(4), eff. September 1, 2013.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 867, Sec. 62, eff. Sept. 1, 2001.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 464 (S.B. 1008), Sec. 15(4), eff. September 1, 2013.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 96 - Supervision and Regulation
Subchapter B. Examinations and Reports
Section 96.055. Additional Examinations
Section 96.0551. Regulation and Examination of Certain Related Entities
Section 96.056. Access to Books and Records
Section 96.057. Subpoena; Administration of Oath or Affirmation