81-14-155 - Examinations by commissioner; report. - Mississippi Statutes

§ 81-14-155. Examinations by commissioner; report.
 

(1)  If at any time the commissioner deems it prudent, it shall be his duty to examine and investigate everything relating to the business of a state savings bank, or a holding company thereof, and to appoint a suitable and competent person to make such investigation. The investigator shall file with the commissioner a full report of his finding in such case, including in his report any violation of law, or any unauthorized or unsafe practices of the savings bank, disclosed by his examination. 

(2)  The commissioner shall furnish a copy of such report to the savings bank under investigation and may, upon request, furnish a copy of the report to the insurer of accounts. 

(3)  No savings bank shall willfully delay or willfully obstruct an examination in any fashion. Any person failing to comply with this subsection shall be guilty of a misdemeanor. 

(4)  No person having in his possession or control any books, accounts or papers of any state savings bank shall refuse to exhibit such books, accounts or papers to the commissioner or his agents on demand, or shall knowingly or willingly make any false statement in regard to such books, accounts or papers. Any person failing to comply with this subsection shall be guilty of a misdemeanor. 
 

Sources: Laws,  1992, ch. 489, § 43; reenacted without change, Laws,  1997, ch. 364, § 43; reenacted without change, Laws, 2001, ch. 457, § 43, eff from and after July 1, 2001.