§ 54C-56. Prolonged audit, examination, or revaluation; payment of costs. - North Carolina Statutes

§ 54C‑56.  Prolongedaudit, examination, or revaluation; payment of costs.

(a)        If, in the opinionof the Commissioner of Banks, an examination conducted under G.S. 54C‑55fails to disclose the complete financial condition of a savings bank, theCommissioner of Banks may in order to ascertain its complete financialcondition:

(1)        Make an extendedaudit or examination of the savings bank or cause an audit or examination to bemade by an independent auditor; and

(2)        Make an extendedrevaluation of any of the assets or liabilities of the savings bank or cause anindependent appraiser to make a revaluation.

(b)        The Commissioner ofBanks shall collect from the savings bank a reasonable sum for actual ornecessary expenses of an audit, examination, or revaluation. (1991, c. 680, s. 1; 2001‑193,s. 16.)