Texas Register, Volume 1, Number 15, Pages 415-450, February 24, 1976 Page: 420
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Numbering System-- Each rule is designated by a uni-
que 10-digit number which is divided into four units by
decimal points. The first unit (three digits) indicates
the agency which promulgates the rule. The second
unit (two digits) indicates the category of rules to
which the rule belongs. The third unit (two digits) indi-
cates the subcategory of rules, if any, within the
category. The fourth unit (three digits) indicates the
Symbology-- Changes to existing material are indi-
cated in bold italica [Brackets] indicate deletion of
State Banking Board
Procedure for Hearings
Evidence and Witnesses 055.03.04
The State Banking Board is proposing to adopt Rule
055.03.04.014, permitting applicants for a state bank
charter to withhold the names of prospective officers of
the proposed bank, providing for the Board to grant a
state bank charter conditionally, and providing for the
Commissioner to approve the propsective officers
before delivering a Certificate of Authority to the pro-
Experience has demonstrated that divulging the names
of prospective management often exposes the proposed
officers to undue pressure and strained relationships
with their present employers, placing the applicants at
competitive disadvantage in the recruiting of talented
personnel. It is necessary that applicants for new state
bank charters be allowed free access to the personnel
market without jeopardizing the present employment
of prospective officers.
This rule will eliminate the competitive disadvantage
faced by applicants, yet provide for the qualifications of
prospective officers to be reviewed before a Certificate
of Authority is granted.
Public comment on proposed Rule 055.03.04.014 is in-
vited. Persons should submit their comments in writ-
ing to Robert E. Stewart, Commissioner, State Banking
Board, 2601 North Lamar, Austin, Texas 78705. Com-
ments will be accepted until March 15, 1976.
This rule is promulgated under the authority of Article
342-115, Texas Civil Statutes.
.014. Option to Withhold Identity of Officers. An ap-
plicant for a state bank charter may, at its option, with-
hold the identity of prospective officers until such time
as the Board rules upon the application. If an applicant
exercises the above option and the Board chooses to
grant the application, such grant will be conditional
upon the applicant's submitting resumes of qualified
proposed officers to the Board. Upon receipt of the
resumes, the Commissioner shall review the qualifica-
tions of the proposed officers, and if the Commissioner
finds the proposed officers. to be qualified, he may
deliver the Certificate of Authority pursuant to Article
342-307, Vernon's Texas Civil Statutes.
Issued in Austin, Texas, on February 13, 1976.
Doc. No. 760914
Robert E. Stewart
State Banking Board
Proposed Date of Adoption: March 25, 1976
For further information, please call (512) 475-4451.
Comptroller of Public
Sales Tax Div sion 026.02.20
The Comptroller of Public Accounts is proposing to
amend Rule 026.02.20.055 which determines monthly
reporting requirements for the Limited Sales, Excise,
and Use Tax. The proposed amendment would add
language to Section 7 of the rule to define the term
Public comment on the proposed amendment to Rule
026.02.20.055 is invited. Persons should submit their
comments in writing to Paul Wehrle. Drawer SS,
Capitol Station, Austin, Texas 78711.
This amendment is proposed under the authority of Ar-
ticle 20.11(A), Title 122A, Texas Civil Statutes.
Volume 1, Number 15, February 24, 1976
I i C I IIL d L I I L II
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Texas. Secretary of State. Texas Register, Volume 1, Number 15, Pages 415-450, February 24, 1976, periodical, February 24, 1976; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth252794/m1/6/: accessed October 21, 2018), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting UNT Libraries Government Documents Department.