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1997 SESSION

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HB 2081 Banking; financial condition statement.

Introduced by: Gladys B. Keating | all patrons    ...    notes | add to my profiles

SUMMARY:

Banking; penalty for failure to comply; elimination of notice requirement. Eliminates requirement that the State Corporation Commission publish in a newspaper the fact that a bank, trust company or trust subsidiary has failed to provide a financial condition statement. Previously, banks had to periodically publish in newspapers these financial condition statements. The publication requirement for banks was repealed, but not the corresponding duty of the State Corporation Commission to publish newspaper notices of the bank's, trust company's, or subsidiary trust's failure to provide these statements to the Commission.


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