9-1704. Reports to commissioner; publication, when.
9-1704
9-1704. Reports to commissioner; publication,
when.
(a) Each bank or trust company shall be required to make a report to the
commissioner at any time upon the commissioner's request. Such reports shall
be in a form prescribed by the commissioner and shall be verified by the
president, chief executive officer or cashier and attested by at least three
directors of the bank or trust company, none of whom shall have verified the
report. The report shall show in detail the assets and liabilities of the bank
or trust company at the close of business upon the date determined by the
commissioner and such report shall be forwarded to the commissioner. The
commissioner may require a copy of the report, or a portion thereof, to be
published in a newspaper, published in or having a general circulation in the
place where the bank or trust company is located, within 10 days after the
report is forwarded to the commissioner. The expense of publication shall be
paid by the bank or trust company.
(b) Each trust company shall report to
the
commissioner all assets held by the trust company in
a
fiduciary capacity as of December 31 of each year. The report shall be in the
form prescribed by the commissioner, and shall be filed with the commissioner
by January
30 of each year. The commissioner may require the report to be filed using
an
electronic means.
(c) Each trust department of a bank shall report to the commissioner all
assets held by the trust department in a fiduciary capacity at any time upon
the
commissioner's request. The report shall be in the form prescribed by the
commissioner. The commissioner may require the report to be filed using an
electronic 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.