Texas Code of Criminal Procedure 59.13 – Disclosure of Information Relating to Accounts and Assets At Regulated Financial Institution
(a) The attorney representing the state may disclose information to the primary state or federal financial institution regulator, including grand jury information or otherwise confidential information, relating to any action contemplated or brought under this chapter that involves property consisting of a depository account in a regulated financial institution or assets held by a regulated financial institution as security for an obligation owed to a regulated financial institution. An attorney representing the state who discloses information as permitted by this subsection is not subject to contempt under Subchapter E, Chapter 20A, for that disclosure.
(b) A primary state or federal financial institution regulator shall keep confidential any information provided by the attorney representing the state under Subsection (a). The sharing of information under Subsection (a) by a representative of the state is not considered a waiver by the state of any privilege or claim of confidentiality.
Terms Used In Texas Code of Criminal Procedure 59.13
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Grand jury: agreement providing that a lender will delay exercising its rights (in the case of a mortgage,
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Property: means real and personal property. See Texas Government Code 311.005
(c) A regulator described by Subsection (b) commits an offense if the regulator knowingly discloses information in violation of this article. An offense under this subsection is punishable by confinement in jail for a period not to exceed 30 days, a fine not to exceed $500, or both such confinement and fine.