Tex.
Fin. Code Section 204.004
Reports
(a)
A foreign bank doing business in this state through a Texas state branch, agency, or representative office shall make written reports to the commissioner that:(1)
are in English;(2)
are submitted at the times and in the form specified by the commissioner or by rules adopted under this subtitle;(3)
are under oath of one of the foreign bank’s officers, managers, or agents transacting business in this state;(4)
show the amount of the foreign bank’s assets and liabilities, expressed in United States currency;(5)
with respect to a Texas state branch or agency, show the amount of the branch or agency’s assets and liabilities, expressed in United States currency; and(6)
contain other information that the commissioner requires.(b)
A license or registration of a foreign bank under this chapter may be revoked or the foreign bank may be subject to an enforcement action under Chapter 35 (Enforcement Actions) if the foreign bank fails to make a report required under Subsection (a) or makes a material false or misleading statement in the report.
Source:
Section 204.004 — Reports, https://statutes.capitol.texas.gov/Docs/FI/htm/FI.204.htm#204.004 (accessed May 11, 2024).
