9-1704.   Reports to commissioner; publication,when.(a)   Each bank or trust company shall be required to make a report to thecommissioner at any time upon the commissioner's request. Such reports shallbe in a form prescribed by the commissioner and shall be verified by thepresident, chief executive officer or cashier and attested by at least threedirectors of the bank or trust company, none of whom shall have verified thereport. The report shall show in detail the assets and liabilities of the bankor trust company at the close of business upon the date determined by thecommissioner and such report shall be forwarded to the commissioner. Thecommissioner may require a copy of the report, or a portion thereof, to bepublished in a newspaper, published in or having a general circulation in theplace where the bank or trust company is located, within 10 days after thereport is forwarded to the commissioner. The expense of publication shall bepaid by the bank or trust company.

      (b)   Each trust company shall report tothecommissioner all assets held by the trust company inafiduciary capacity as of December 31 of each year. The report shall be in theform prescribed by the commissioner, and shall be filed with the commissionerby January30 of each year. The commissioner may require the report to be filed usinganelectronic means.

      (c)   Each trust department of a bank shall report to the commissioner allassets held by the trust department in a fiduciary capacity at any time uponthecommissioner's request. The report shall be in the form prescribed by thecommissioner. The commissioner may require the report to be filed using anelectronic means.

      History:   L. 1947, ch. 102, § 90;L. 1975, ch. 44, § 32;L. 1984, ch. 48, § 14;L. 1995, ch. 158, § 1;L. 2006, ch. 89, § 4; July 1.