§ 53-216. Periodic reports; interstate agreements.
§53‑216. Periodic reports; interstate agreements.
The Commissioner may from timeto time require reports under oath in such scope and detail as he mayreasonably determine of each out‑of‑state bank holding companysubject to this Article for the purpose of assuring continuing compliance withthe provisions of this Article.
The Commissioner may enterinto cooperative agreements with other bank regulatory authorities for theperiodic examination of any out‑of‑state bank holding company thathas a North Carolina bank subsidiary and may accept reports of examination andother records from such authorities in lieu of conducting its own examinations.The Commissioner may enter into joint actions with other bank regulatoryauthorities having concurrent jurisdiction over any out‑of‑statebank holding company that has a North Carolina bank subsidiary or may take suchactions independently to carry out its responsibilities under this Article andassure compliance with the provisions of this Article and the applicablebanking laws of this State. (1983 (Reg. Sess., 1984), c.1113, s. 1; 1993, c. 175, s. 13; 1993 (Reg. Sess., 1994), c. 599, s. 1.)