Sec. 181.301. DISCLOSURE BY DEPARTMENT PROHIBITED. (a) Except as expressly provided otherwise by this subtitle or a rule adopted under this subtitle, the following are confidential and may not be disclosed by the banking commissioner or an employee of the department: (1) information directly or indirectly obtained by the department in any manner, including through an application or examination, concerning the financial condition or business affairs of a state trust company, a present, former, or prospective shareholder, participant, officer, director, manager, or affiliate of the state trust company, or a third-party service provider of the state trust company or its affiliate, other than the public portions of a report of condition or income statement; and (2) each related file or record of the department. (b) Information obtained by the department from a federal or state regulatory agency that is confidential under federal or state law may not be disclosed except as provided by federal or state law. (c) The banking commissioner or an officer or employee of the department commits an offense if the person: (1) discloses information or permits access to a file or record of the department; and (2) knows at the time of disclosure or permission that the disclosure or permission violates this subchapter. (d) An offense under this section is a Class A misdemeanor.
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