9-1912. Examination of bank or trust company in hands of receiver; exception.
9-1912
9-1912. Examination of bank or trust company in hands of receiver; exception.
(a) At least once each six months the commissioner shall examine every
bank or trust company in the hands of a receiver and shall file a copy of
such examination report with the clerk of the district court of the county
wherein such bank or trust company is located. Every receiver shall submit
the records and affairs of such bank or trust company to an examination by
the commissioner or the commissioner's assistant and examiners whenever the
receiver is requested to do so.
(b) The provisions of subsection (a) shall not apply if the federal
deposit insurance corporation or its successor is appointed as receiver of
a bank or trust company.
History: L. 1947, ch. 102, § 120; L. 1986, ch. 59, § 1; April 24.