81-1-83 - Powers and duties of officer making examination.
§ 81-1-83. Powers and duties of officer making examination.
At each examination, the commissioner or an examiner may examine the cash, bills, collaterals and securities, books of account, the condition and affairs of the bank, the mode of conducting and managing the affairs of the bank, the action of its directors, and the investment of the funds of the bank. The commissioner or an examiner shall have power to examine the directors and all other persons under oath as to the value of all collaterals, securities and other assets of the bank. Any officer of a bank refusing to the commissioner or examiner any of the papers, securities, the books of account or cash of a bank shall subject such bank to liquidation as provided by law.
The commissioner or an examiner may call for statements from all correspondent banks and all other persons or corporations showing a balance on the books of the bank at each examination.
The commissioner, examiners, or any other employee of the department shall not reproduce a copy of any information in the possession of any bank pertaining to the names of the stockholders of such bank or the amount of shares owned by such stockholders, nor shall the commissioner, examiners or any other employee of the department remove such stockholder information from the confines of the bank, any provision contained herein to the contrary notwithstanding.
Sources: Laws, 1980, ch. 312, § 15; reenacted, 1982, ch. 303, § 15; Laws, 1990 Ex Sess, ch. 46, § 14; Laws, 1993, ch. 442, § 15; Laws, 1994, ch. 320, § 1; reenacted and amended, 1994, ch. 622, § 16; reenacted without change, Laws, 1997, ch. 497, § 15; reenacted without change, Laws, 2001, ch. 410, § 15, eff from and after July 1, 2001.