§ 54C-54. Examinations by Commissioner of Banks; report. - North Carolina Statutes

§ 54C‑54.  Examinationsby Commissioner of Banks; report.

(a)        It is theCommissioner of Banks' duty, if at any time the Commissioner of Banks deems itprudent, to examine and investigate everything relating to the business of aState savings bank or a holding company thereof, and to appoint a suitable andcompetent person to make the investigation. The investigator shall file withthe Commissioner of Banks a full report of the findings in the case, includingany violation of law or any unauthorized or unsafe practices of the savingsbank disclosed by the examination.

(b)        The Commissioner ofBanks shall furnish a copy of the report to the savings bank examined and may,upon request, furnish a copy of, or excerpts from, the report to the insurer ofaccounts.

(c)        No savings bank maywillfully delay or willfully obstruct an examination in any fashion. A personfailing to comply with this subsection is guilty of a Class 1 misdemeanor.

(d)        No person whopossesses or controls any books, accounts, or papers of any State savings bankshall refuse to exhibit same to the Commissioner of Banks or the Commissionerof Banks' agent on demand, or shall knowingly or willingly make any falsestatement in regard to the same. A person failing to comply with thissubsection is guilty of a Class 1 misdemeanor. (1991, c. 680, s. 1; 1993, c. 539, ss. 435, 436; 1994,Ex. Sess., c. 24, s. 14(c); 2001‑193, s. 16.)