Section 9-415 - Examination and regulation; financial report.

§ 9-415. Examination and regulation; financial report.
 

(a)  Examination and regulation.- The Corporation is subject to examination and regulation by the Commissioner. 

(b)  Financial report.- By May 1 of each year, the Board of Directors shall submit to the Commissioner: 

(1) a financial report for the preceding calendar year in the form that the Commissioner approves; and 

(2) a report of its activities during the preceding calendar year. 
 

[An. Code 1957, art. 48A, § 534; 1996, ch. 11.]