Sec. 181.107. STATEMENTS OF CONDITION AND INCOME; PENALTY. (a) Each state trust company periodically shall file with the banking commissioner a copy of its statement of condition and income. (b) The finance commission by rule may: (1) require the statement to be filed with the banking commission at the intervals the finance commission determines; (2) specify the form of the statement of condition and income, including specified confidential and public information to be in the statement; and (3) require public information in the statement to be published at the times and in the publications and locations the finance commission determines. (c) A statement of condition and income is a public record except for: (1) portions of the statement designated confidential by the banking commissioner; and (2) the statement of condition and income for a state trust company exempt under Section 182.011 or 182.019 with regard to the period during which the exemption is in effect. (d) A state trust company that fails to file a statement of condition and income on or before the date it is due is, after notice and hearing, subject to a penalty of not more than $500 a day for each day of noncompliance.
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