§ 54C-57. Commissioner of Banks to have right of access to books and records of the savings bank; right to issue subpoenas, administer oaths, examine witnesses.
§ 54C‑57. Commissionerof Banks to have right of access to books and records of the savings bank;right to issue subpoenas, administer oaths, examine witnesses.
(a) The Commissioner ofBanks and the Commissioner of Banks' agents:
(1) Shall have freeaccess to all books and records of a savings bank, or a service corporation orholding company thereof, that relate to its business, and the books and recordskept by an officer, agent, or employee relating to or upon which any record iskept;
(2) May subpoena witnessesand administer oaths or affirmations in the examination of any director,officer, agent, or employee of a savings bank, or a service corporation orholding company thereof or of any other person in relation to its affairs,transactions, and conditions;
(3) May require theproduction of records, books, papers, contracts, and other documents; and
(4) May order thatimproper entries be corrected on the books and records of a savings bank.
(b) The Commissioner ofBanks may issue subpoenas duces tecum.
(c) If a person failsto comply with a subpoena so issued or a party or witness refuses to testify onany matters, a court of competent jurisdiction, on the application of theCommissioner of Banks, shall compel compliance by proceedings for contempt as inthe case of disobedience of the requirements of a subpoena issued from thecourt or a refusal to testify in the court. (1991, c. 680, s. 1; 2001‑193, s. 16.)