89-12-45 - Examination of records by treasurer or designated regulatory authority. - Mississippi Statutes

§ 89-12-45. Examination of records by treasurer or designated regulatory authority.
 

(1)  The Treasurer may at reasonable times and upon reasonable notice examine the records of any person to determine if such person has complied with the provisions of this chapter. The Treasurer may designate the Commissioner of Banking and Consumer Finance or other appropriate regulatory authority to examine the records of institutions of regulated industries to determine if such institutions have complied with the provisions of this chapter. 

(2)  If, in connection with such examination, property which should have been reported pursuant to the provisions of this chapter is discovered, the holder shall pay a per diem rate equal to actual costs per examination as the cost of conducting the examination. 

(3)  If any person refuses to permit the examination provided in this section or to deliver property to the Treasurer as required under the provisions of this chapter, the Treasurer shall bring an action in a court of appropriate jurisdiction to compel such examination or to enforce such delivery. 
 

Sources: Laws,  1982, ch. 497, § 23; Laws,  1994, ch. 622, § 161, eff from and after July 1, 1994.