9-1702.   Examination of fiduciaries and affiliatedorganizations and their officers and employees.(a) The commissioner or the commissioner's designee ishereby authorized to examine the fiduciary affairs of any officer oremployee of any bankor trust company when such officer or employee is servingin any fiduciarycapacitythat may affect the safety and soundness of such bank or trust company.

      (b)   The commissioner or the commissioner's designee is herebyauthorized to examine anyinvestmentcompany, holding company, corporationor any other form of business entity which is affiliatedwith any bankor trust company to fully ascertain:

      (1)   The relationship between such bank or trust company and any suchaffiliate; and

      (2)   the effect of such relationship on the bank or trust company.

      (c)   For the purposes of this section, "affiliate" shall have the meaningascribed to it in section 2 of the bank holding act of1956, 12 U.S.C. §1841.

      History:   L. 1947, ch. 102, § 88; L. 1975, ch. 44, § 30;L. 2005, ch. 6, § 1; July 1.