38.2-1320 - Examination reports; general description. - Virginia Statutes

§ 38.2-1320. Examination reports; general description.

The Commission's examiners shall make a true report of every examination. Thereport shall include only facts appearing upon the books, records or otherdocuments of the person examined or as ascertained from the sworn testimonyof its directors, officers, employees, agents or other persons examinedconcerning its affairs and any conclusions and recommendations reasonablywarranted from such facts. Findings of fact and conclusions made pursuant toany examination, and reported in any filed examination report for which theperiod for appeal has expired, shall be prima facie evidence in anysubsequent legal or regulatory action.

(Code 1950, §§ 38-127, 38-216; 1952, c. 317, § 38.1-177; 1986, c. 562; 1992,c. 588.)