Texas § FI.33.104 - ADVISORY DIRECTOR
Full text of Texas The Texas Constitution § FI.33.104 — ADVISORY DIRECTOR, with citation guidance and answers to common questions.
§ FI.33.104. ADVISORY DIRECTOR
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. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by: Acts 2007, 80th Leg., R.S., Ch. 237 (H.B. 1962 ), Sec. 28, eff. September 1, 2007. Acts 2013, 83rd Leg., R.S., Ch. 940 (H.B. 1664 ), Sec. 5, eff. June 14, 2013.
Frequently Asked Questions About Texas § FI.33.104
What does The Texas Constitution § FI.33.104 cover?
Section FI.33.104 ("ADVISORY DIRECTOR") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.33.104?
A common citation format is "The Texas Constitution § FI.33.104" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.33.104 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.