6.1-32.24 - (Repealed effective October 1, 2010) Investigations; examinations. - Virginia Statutes

§ 6.1-32.24. (Repealed effective October 1, 2010) Investigations;examinations.

The Commission may, by its designated officers and employees, as often as itdeems necessary, investigate and examine the affairs, business, premises andrecords of any trust company and of any trust company holding company.Examinations of such trust companies shall be conducted at least twice ineach three-year period. In the course of such investigations and examination,the principals, officers, directors, and employees of such trust company ortrust company holding company being investigated or examined shall, upondemand of the person making such investigation or examination, afford fullaccess to all premises, books, records and information which the personmaking such investigation or examination deems necessary. For the foregoingpurposes, the person making such investigation or examination shall haveauthority to administer oaths, examine under oath all the aforementionedpersons, and compel the production of papers and objects of all kinds.

(1993, c. 432; 1995, c. 140.)