Tex. Fin. Code § 33.104

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 33.104 - Advisory Director
(a) An advisory director is not considered a director if the advisory director:
(1) is not elected by the shareholders of the bank;
(2) does not vote on matters before the board or a committee of the board;
(3) is not counted for purposes of determining a quorum of the board or committee; and
(4) provides solely general policy advice to the board.
(b) A state bank may not disclose to an advisory director confidential information pertaining to the bank or the bank's customers unless:
(1) the board adopts a resolution that designates the advisory director as a person who is officially connected to the bank and that describes the purpose for disclosure of the information, which must be a reasonable business purpose; and
(2) the disclosure is made under a written confidentiality agreement between the bank and the advisory director.

Tex. Fin. Code § 33.104

Amended by Acts 2013, 83rd Leg. - Regular Session, ch. 940,Sec. 5, eff. 6/14/2013.
Amended By Acts 2007, 80th Leg., R.S., Ch. 237, Sec. 28, eff. 9/1/2007.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.